Teksts
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Joint-Stock Company
Reverta has made regular interest payments to the State Treasury on
5th, 12th, and 13th May 2017 in the total amount of EUR 3,6 m.
Next to intensive work undertaken to sell the remaining portfolios
of non-performing loans and getting ready for the planned
liquidation of the company, in the first three months of this year
Reverta has recovered more than 13 million euros.
Thus, the total amount of recovered funds at the end of March 2017
was EUR 754 m which is 67 % of all distressed assets left to
Reverta after the takeover and split of Parex Bank. Reverta has
previously stated that this result significantly exceeds initial
estimates of the company’s management and also the average figures
of the distressed assets sector.
Additional information:
In order to implement the EC approved Restructuring Plan which
envisages completion of the workout of Reverta’s portfolio and
closing of all operations by the end of 2017, Reverta together with
the financial consultant KMPG Baltics continues its efforts to sell
the remaining loan portfolios. Currently four binding offers are
being assessed in order to present the best bid for the further
consideration of the Cabinet of Ministers in May 2017.
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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