Wed, 18 Aug 2010: Recovering Parex investments a ‘long shot’…



This can only be done through maximizing the value of the bank’s assets. Selling the bank is not realistic at the moment, said Gwilliam. He also said that the restructured Parex bank had been left with only the problem assets, therefore, the debt collection process would have to be “optimized.” Selling the problem loans to other investors could be less advantageous than keeping them until the economic recovery is over and the debtors become solvent again, he speculates. If the borrowers will still be unable to pay their debts, Parex bank will consider selling these assets, taking into account the market situation. Either way, the situation will be appraised and all the necessary calculations will be made before the... Read the rest of this entry »

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