Emitents | Reverta, AS (iepriekšējais nosaukums - Parex banka, AS) (097900BHBR0000064855) |
Veids | Finanšu pārskati |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2015-05-28 15:27:23 |
Versijas komentārs | |
Teksts |
During the first three months of the year joint-stock company
Reverta continued performance of targets and tasks established in
the Restructuring Plan and repaid EUR 5m of interest to the State
Treasury. Thus, the total amount repaid to the Treasury since 1
August 2010 to 31 March 2015 is EUR 318.5m. During the reporting period Reverta recovered EUR 9.6m from the
restructuring of distressed loans and disposal of real estate
properties, as compared to EUR 16.6m during the same period of the
previous year. Taking into account the fact that Reverta is recovering loans
not only in the Baltic States but also in Russia and Ukraine, the
Russian - Ukrainian crisis that started in 2014 and weakened the
economy of both countries is still affecting Reverta’s performance
results in a negative way. The devaluation of rouble encumbered
loan repayment capacity of Russian and other CIS clients and
therefore the amount of funds recovered in the CIS during Q1 2015
has significantly decreased. In some cases borrowers took advantage
of the situation by ceasing repayments without any justified
grounds and by trying to hide their assets. During the reporting period Reverta continued the workout of the
real estate portfolio through professional management and sales of
the repossessed collaterals. During the first three months of 2015
Reverta’s Sales Team has sold 74 real estate properties for the
total amount of EUR 3m. Although the achieved result is in line
with the plan, it is by half less than the performance of the same
period last year. This can be explained by the fact that currently
prospective buyers are interested in properties of lower value,
which leads to significantly smaller sales transaction
amounts. Overall, since 1 August 2010 to 31 March 2015 the State has
received from Reverta a total of more than half a billion euros.
This sum comprised payments to the State Treasury, repayments of
the State guaranteed Syndicated Loan, and accrued interest in the
amount of EUR 244.6m. Approximately EUR 15m has been paid in
addition to the State in the form of various taxes and duties.
Starting from 1 August 2010 Reverta has paid a total of EUR 17.2m
under subordinated liabilities. At the end of the reporting period the total asset portfolio of
Reverta was EUR 214.1m. As a result of loan restructuring and debt
recovery the net book value of Reverta’s loan portfolio has
decreased to EUR 166m. Additional information: To learn more about Reverta, please visit the Company’s web
page: www.reverta.lv. |
Pielikumi |