Emitents | Reverta, AS (iepriekšējais nosaukums - Parex banka, AS) (097900BHBR0000064855) |
Veids | Finanšu pārskati |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2016-04-29 11:52:41 |
Versijas komentārs | |
Teksts |
JSC Reverta audited financial results for 2015 comply
with the unaudited financial results published on 29 April
2016 The unaudited financial report of joint-stock company Reverta
shows that the company has succeeded in overcoming obstacles
created by unfavourable external conditions and in completing the
year 2015 with good performance results. Reverta has repaid EUR 53
m to the State Treasury, of which EUR 30.7 m was the repayment of
the principal amount and EUR 22.3 m was interest on the State aid
provided for Parex Banka. In 2015 Reverta recovered EUR 61.3 m from
the restructuring and sale of distressed assets. In line with the Restructuring Plan, which envisages termination
of all Reverta’s operations by the end of 2017, during the
reporting period the company continued persistent work on the
restructuring of the distressed assets portfolio. As a result of
this, at the end of 2015 Reverta’s total assets were EUR 144.6 m,
as compared to EUR 220.3 m on 31 December 2014. The Chairperson of the Management Board of Reverta Solvita
Deglava points out: “Reverta’s operation is being gradually
downsized and amended to suit the reducing assets, including, the
staff numbers have been decreased two times since the beginning of
Reverta to ensure that the company’s high efficiency is retained.
Calculations show that each employee has recovered from the
distressed assets approximately EUR 6 m.” Since 1 August 2010, the State has received from Reverta a total
amount of EUR 610.8 m in the form of various payments, of which EUR
366.6 m was paid directly to the State Treasury. In addition to
this, Reverta has also disbursed term deposits, interest on
subordinated capital and other big volume payments. Solvita Deglava underlines: “We continue to do our best to
recover as much State money as possible. It is not an easy task in
view of the significant impact made both by the Russian crisis and
the economic situation in Latvia and Europe. Besides, only the most
complicated assets are left in our portfolio as all other
distressed assets have been already restructured and disposed of
during the five years of Reverta’s operation.” Overall, Reverta has rcovered EUR 666.2 m from the restructuring
of distressed loans, sales of bonds, and disposal of real estate
properties. |
Pielikumi |