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Norion Bank to Divest Non-performing Loans Portfolio for SEK2.6 Billion

MT Newswires·08/03/2026 02:58:58
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02:58 AM EDT, 08/03/2026 (MT Newswires) -- Norion Bank (NORION.ST) said Monday it agreed to divest a portfolio of non-performing loans for 2.6 billion kronor. The portfolio, which has a gross value of 6.2 billion kronor, will be sold to the subsidiaries of financial services company Brocc Finance. Closing of the deal is expected in the second half, subject to regulatory clearances. The Swedish lender added that portfolio disposal will result in a 100 million-krona decrease in its operating profit for the next 12 months.