March 20, 2018 / 7:36 AM / 5 months ago

BRIEF-Sandnes Sparebank: One Of Bank's Corporate Customers To File For Bankruptcy

March 20 (Reuters) - SANDNES SPAREBANK:

* CONFIRMS THAT ONE OF THE BANK’S CORPORATE CUSTOMERS HAS

* ‍BOARDS OF DIRECTORS IN COMPANIES HAVE CHOSEN TO FILE HALVORSEN GROUP AND HALVORSEN OFFSHORE FOR BANKRUPSY​

* ‍BANK IS IN DIALOGUE WITH OWNERS TO ENSURE CONTINUED OPERATION OF OTHER COMPANIES IN GROUP.​

* SAYS ‍LOAN ENGAGEMENT HAS BEEN IN DISTRESS FOR A COUPLE OF YEARS​

* ‍LOSS ESTIMATE FOR 2018 WAS 8 FEBRUARY 2018, ESTIMATED WITHIN A RANGE OF MNOK 50-90 FOR 2018​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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