Emitents | Reverta, AS (iepriekšējais nosaukums - Parex banka, AS) (097900BHBR0000064855) |
Veids | Būtiski notikumi |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2013-01-08 10:21:54 |
Versijas komentārs | |
Teksts |
Reverta has fully met its goal of 2012 by paying the planned EUR
11.5m to the Treasury at the end of the year. Overall,
according to the Restructuring Plan, Reverta has repaid to the
Treasury EUR 89.7m during 2012. Of which, EUR 28.5m was
interest payment on the State Aid to Parex banka, and EUR 61.2m was
repayment of the loan principal. Overall, EUR 100.5m has been
repaid to the Treasury since 1st August 2010, of which EUR 30.7 m
was interest and EUR 69.8m was the loan principal. In
addition to that, in 2011 Reverta also repaid the State guaranteed
syndicated loan in the amount of EUR234m. „Feeling gratified and proud of what we have accomplished, still
we are cautious in our future prognoses. The scope of
external factors affecting the results of our performance is quite
large. The most significant ones are the overall economic
situation that influences not only the activity of the real estate
market, the price range and the purchasing capacity of people, but
also commercial activities of our borrowers and their ability to
fulfil their loan liabilities; changes made to the legislation of
Latvia, elimination process of certain legislative insufficiencies
and the slowness of legal procedures; and also the attitude of the
Latvian tax payers towards fraudulent actions of dishonest debtors
– without the support of the public carrying out of such schemes
would be much more difficult”, says Christopher Gwilliam, Chairman
of the Management Board of Reverta. „Though there are some signs clearly showing a gradual
recovering of Latvia from the crisis, which allowed us to
significantly increase the revenue from sales of real estates at
the end of the last year. Another positive change is the
increasing understanding of the fictitious lease agreements problem
by law enforcement institutions, which are giving a serious
consideration to such cases and cancelling the fraudulent
agreements. In several cases even criminal actions were
started,” stresses Christopher Gwilliam. Reverta is the largest distressed assets manager in Baltic
countries. The main competencies of the company are loan
restructuring, debt recovery and real estate management.
Starting from 1st August 2010 till 31st October 2012, Reverta has
recovered EUR 419m from development and sales of distressed
assets. |
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