December 28, 2016 / 4:15 PM / in 7 months

BRIEF-TBC Bank Group says unit recovered previously written off provision expense

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Dec 28 (Reuters) - TBC Bank Group Plc :

* Recovery of previously written off provision

* Amount will be accounted for in q4 2016 consolidated profit and loss statement

* Subsidiary, JSC TBC Bank, has recorded interest income and recovery of a provision expense of a previously written off amount in relation to a loan issued to one corporate client, in total amount of $13.4 million

* This amount will increase net profit by $13.4 million. Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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