Emitents | Reverta, AS (iepriekšējais nosaukums - Parex banka, AS) (097900BHBR0000064855) |
Veids | Finanšu pārskati |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2015-08-28 12:10:49 |
Versijas komentārs | |
Teksts |
During the first six months of 2015 Joint-Stock Company
Reverta has recovered EUR 20.6m from difficult loans. EUR 9.7m was
paid to the State Treasury during the first half of the year and
another EUR 12.8m was paid after the end of the reporting period –
in August 2015. “Since 1 August 2010, when Reverta commenced recovery of
state aid paid to Parex banka, this has been the most difficult and
complicated period with respect to loan workout and recovery. The
Russian-Ukrainian conflict, the unstable geopolitical situation, as
well as the economic situation in Latvia and the world have
significantly decreased the value of assets and encumbered
possibility of recovery. Nevertheless, we are pressing for every
cent to decrease state loss as much as possible. Our performance
shows that we can solve even seemingly hopeless situations”, says
Solvita Deglava, Chaiperson of the Management Board of
Reverta. Since 1 August 2010 to the end of the reporting period Reverta
has recovered a total of EUR 625.5m and the State has received a
total of EUR 569m in the form of various payments, including direct
payments to the Treasury in the amount of EUR 323.2m. Similarly to previous years, the loan recovery process is being
significantly encumbered by the overloaded and inefficient Latvian
court system. Average period of disposal of a case is 5-7 years,
during which the value of the pledged objects significantly
decreases along with the amount recovered from their sales. The
lengthy proceedings also consume a considerable amount of human
resources: at the end of the reporting period there were 2440 court
proceedings in various stages and 2009 credit card cases on
Reverta’s agenda. During the first half of the year Reverta has
participated in 621 court hearings. During the reporting period Reverta continued energetic sales of
real estate properties and decreased the amount of the real estate
portfolio from approximately 584 objects at the beginning of this
year to 390 objects at the end of the reporting period. 125
properties were sold during the first half of the year as compared
to 254 deals concluded in the same period last year. The decrease
in the number of sales deals is due to the current structure of
Reverta’s real estate portfolio – the liquid properties have been
already sold whereas the remaining ones do not belong to the
segment of the most demanded properties. A total proceeds from the
sales of real estate properties during the reporting period was EUR
5.7m. |
Pielikumi |