Far Eastern International Bank Sells Syndicated Loan Asset Worth $14 Million

MT Newswires Live03-24 14:58

Far Eastern International Bank (TPE:2845) sold a syndicated loan asset worth $14.1 million as part of its asset reallocation strategy.

The asset was sold to Punjab National Bank (NSE:PNB, BOM:532461), according to a Tuesday Taiwan Exchange filing.

The disposal involved standard receivables as collateral and did not result in any gain or loss, the lender said.

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