May 3 (Reuters) - Canadian Western Bank CWB.TO
* CWB updates credit outlook for second quarter 2016
* CWB now expects consolidated Q2 provision for credit
losses to be approximately $40 million
* Provisions for credit losses on O&G production portfolio
for Q2 reflect weak oil price environment, borrowing base
redeterminations
* Recorded about $33 million of Q2 provisions for credit
losses on oil and gas production portfolio
Source text for Eikon: ID:nMKWVcRSza
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