May 11, 2017 / 2:53 PM / 4 months ago

EXCLUSIVE-Home Capital plans sale of C$2 bln in commercial, consumer finance assets -source

TORONTO, May 11 (Reuters) - Home Capital Group, Canada’s biggest non-bank lender, is looking to divest about C$2 billion in assets to help pay down a high-interest loan and delay a potential sale of the entire company, according to people familiar with the situation.

The company, which has seen a rapid decline in deposits amid a regulatory probe, wants to sell all or part of its commercial mortgage portfolio, its consumer finance business and a small portion of its traditional residential mortgage portfolio to raise the C$2 billion, the people said. (Reporting by John Tilak and Matt Scuffham; Editing by Amran Abocar and Nick Zieminski)

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