National Bank Takes $119 Million Writedown on Maple Bank

  • Montreal-based lender says Tier 1 ratio pared 13 basis points
  • Maple Bank GmbH being investigated by German regulators

National Bank of Canada said it will write off the full C$165 million ($119 million) carrying value of its stake in Maple Financial Group Inc. after that company’s operations in Germany were limited by regulators amid a tax probe.

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