Resurs is selling non-performing loans to a leading international investor
Resurs Bank AB, a wholly owned subsidiary of Resurs Holding AB, has entered into an agreement with PRA Group, a leading international investor in non-performing loans, to sell parts of Resurs Bank’s Norwegian non-performing loans for a gross carrying amount of approximately NOK 800 million. The sale will have a positive impact on Resurs Bank’s capital requirements and liquidity and a neutral effect on earnings.The sale is expected to be completed at the end of the second quarter of 2021 and is in line with the strategy for the management of non-performing loans that Resurs Bank has followed