Switzerland’s central bank has said a loan it granted to bail out troubled bank UBS five years ago has been repaid.
The development means UBS can now buy back the once-toxic assets taken out of the bank at the height of the financial crisis.
The assets, worth $38.7bn (£24.7bn) at the time of the bailout, have since become profitable.
UBS, Switzerland’s biggest bank, has already said it plans to buy them back.
It described the buy-back as an “important step which will close this chapter in the firm’s history with a positive outcome”.
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