Teksts
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Today, on 29 September 2016, joint-stock company Reverta paid
the State Treasury another 8.5 million euros in addition to 4.1
million euros paid in August. Overall, during 2016 Reverta has
repaid to the Treasury 42.7 million euros which is more than twice
the figures for last year.
“This year we are enjoying fruits of our sustained labour as
several large and very complex projects in Russia and the Baltic
countries, development of which required six years of hard work,
have come to a close,” says Solvita Deglava, Chairperson of the
Management Board of Reverta.
Overall, since 1 August 2010 the state has received from Reverta
more than EUR 653 m in the form of various payments, of which EUR
409.3 m was paid directly to the State Treasury. In addition to
that, Reverta has in due time disbursed term deposits, interest on
subordinated capital and other big volume payments.
“According to the Restructuring Plan approved by the Cabinet of
Ministers, Reverta’s operations have to be discontinued by the end
of 2017, and therefore we are intensively working on recovery of
the residual assets and sales of real estate properties,” says
Solvita Deglava.
As reported before, following the recommendation of a selection
board Reverta has signed an agreement with KPMG Baltics for
receiving expert’s advice on the sales process of its loan and real
estate portfolios. In order to continue the work that already has
been done and to maximise proceeds from already commenced workout
processes, the workout of separate portfolio items will be carried
on until the final sale of the remaining portfolio.
For additional information:
Reverta is a distressed assets manager, the main competencies of
which are loan restructuring, debt recovery and real estate
management.
To learn more about Reverta, please visit our web page:
www.reverta.lv.
For more information contact:
Marita Ozoliņa
Head of Communication and Marketing Department
Tel.: 67779142 or 29287169
E-mail: marita.ozolina@reverta.lv
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