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