December 11, 2017 / 11:46 AM / a year ago

BRIEF-Laurentian Bank Of Canada says on Dec 5, disclosed issues arising from a review of mortgages that it had sold to a third party purchaser

Dec 11 (Reuters) - Laurentian Bank Of Canada:

* Laurentian Bank Of Canada - On Dec 5, co disclosed issues arising from a review of mortgages that it had sold to a third party purchaser

* Laurentian Bank Of Canada says does not believe matters related to the mortgages are material to business, capital, operations, funding

* Laurentian Bank - the disclosed issues resulted in co repurchasing some mortgages & may result in it being required to repurchase additional mortgages

* Laurentian Bank Of Canada says has available liquidity on hand to repurchase affected mortgages

* Laurentian Bank Of Canada - affected mortgages are performing “in line” with co’s overall residential mortgage portfolio

* Laurentian Bank - estimated value of mortgages that may be repurchased from third party buyer is about 1.6 pct of co’s total residential mortgage portfolio Source text for Eikon: Further company coverage:

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