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BRIEF-Home Capital gives update on liquidity, deposits

Published 2017-06-30, 04:58 p/m
© Reuters.  BRIEF-Home Capital gives update on liquidity, deposits
HCG
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June 30 (Reuters) - Home Capital Group Inc HCG.TO

* Home Capital provides update on liquidity and deposits and closing of commercial mortgage sale

* Home Capital - has received proceeds of approximately $129 million in connection with closing of sale of certain commercial mortgages previously announced

* Home Capital Group Inc - aggregate available liquidity and credit capacity stood at approximately $1.53 billion as of June 29

* Home Capital Group Inc - home trust high interest savings account (hisa) deposit balances stood at approximately $114 million as of June 29

* Home Capital Group Inc - gics in a cashable position $146 million as of June 29 versus $145 million as of June 28

* Home Capital-total guaranteed investment certificate deposits, including oaken and broker gics, stood at approximately $12.15 billion as of June 29

* Home Capital-completion of commercial mortgages, recent deals, recent strength reported in deposit taking, "significantly improved" co's liquidity position

* Home Capital Group Inc - will cease reporting its daily liquidity position

* Home Capital Group Inc - will report next liquidity update on July 17 Source text for Eikon: ID:nCNWnhqGRa Further company coverage: HCG.TO

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