Parex bank is structured as a resolution bank whose main task is to maximize recovery of the investments made by the State no later than in 2017.
In order to achieve this aim, we have defined the following priorities:
- Efficient restructuring of loans;
- Increase the amount of funds to be recovered from restructured loans and from repossessed collateral, mostly real estate;
- Increase asset value by professional management of repossessed properties;
- Disposal of reposed assets achieving best possible return for the shareholders based on prevailing market conditions.