Banks, Financial Services, Latvia, Legislation
International Internet Magazine. Baltic States news & analytics
Wednesday, 24.04.2024, 06:05
Latvian Reverta retrieves EUR 9.6 mln in Q1
BC, Riga, 29.05.2015.
Print version
Print versionIn the first quarter of 2015, the troubled assets manager Reverta retrieved EUR 9.6 million from restructuring troubled credits and selling real estate, reports LETA, according to Reverta’s unaudited financial report for the first quarter.
 |
|---|
In the respective period last year, Reverta retrieved EUR 16.6 million.
Reverta concluded the first quarter with EUR 5.99 million losses, while the Group's losses amounted to EUR 5.91 million, according to the company's financial report for the first quarter.
Reverta says that in the first quarter, the company continued following the goals and tasks listed in the restructuring plan, returning EUR 5 million to the State Treasury.
From August 2010 to March 2015, the company returned a total of EUR 318.5 million to the State Treasury.
«The Baltic Course» Is Sold and Stays in Business!
