Finance
the Bank is “very comfortable” despite massive børsfall.
the Article is added to your reading list.
the market capitalization of the oil service company Farstad Shipping plunged over 30 per cent on the Oslo stock Exchange today, Thursday. Since his best in march 2012, the value fell by over 97 percent.
Sparebanken Møre is still very comfortable with the gruppevise writedowns they have taken, and tells you that nothing has changed since they had kvartalspresentasjon.
From the Farstads annual report for 2015, it appears that the Sparebanken Møre has lent out in excess of 400 million to Farstad Shipping, and Sparebank 1 SMN has between 600 and 800 million. DNB is the largest lender with in excess of 1.600 million in loans.
Must convert debt to equity
We are commenting generally, not on the exposure, but if it says it then applies to it, ” says ceo Olav Arne Fiskerstrand Sparebanken Møre to TDN Finans.
he held, put forward a restruktureringsforslag Thursday where among other things the bondholders must convert all debt to equity, and certain other creditors will also be asked to help in the restructuring.
-this Is the loss you have the rain that is coming?
No exposure to Havilah
What I said on the last kvartalspresentasjon was that I’m very comfortable with the these loss provisions were we have done in the oil service business. We have a set of 170 million in gruppevise write-downs to cover potential losses in the portfolio we have. It is, we are very comfortable with, and since we had kvartalspresentasjon has not changed, ” says Fiskerstrand to TDN Finans.
Fiskerstrand confirms that they do not have exposure to Havilah. The hedged banks in the Havilah, told today that they will declare breach of contract.
the Banks will declare breach of contract in Havilah
Communications Thomas Midteide in the DNB says that the bank can not disclose information about individual customer relationships.
No comments:
Post a Comment