Liquidation

FGDB’s activity as Judicial Liquidator (Trustee)

Starting 2002, FGDB has been appointed as Judicial Liquidator (Trustee) of two failed banks, namely Banca Română de Scont SA and Banca Turco Română SA.

Banca Română de Scont SA – in bankruptcy (BRS) – short description, contact data

The bankruptcy proceedings of Banca Română de Scont SA had been commenced on the basis of the Civil Judgment no.79 of April 16, 2002 issued by the Braşov Court in the file no.1614/F/2002 (new number 63/62/2002).

I. Claims recovery and assets’ sales

Total collections between April 16, 2002 – December 31, 2022 amounted to RON 39.3 million, coming mainly from:

• claims recovery of RON 18.5 million, representing about 47% of the total collections and 49% of the total claims (credits and accrued interests) as of bankrupcy date;

• assets’ sales of RON 16.4 million, representing 42% of the total collections.

Liquidation costs until December 31, 2022 amounted to RON 21 million.

II. Distributions of sums to creditors

Until December 31, 2022, 11 distributions amounting to RON 18.1 million were made to creditors, representing about 47% of creditors’ claims.

In terms of prospects of selling the assets in the BRS patrimony, steps are currently taken for the sale of assets held by the bank (as co-owner together with Societatea de Asigurări – Reasigurări Astra SA – in bankruptcy), namely the lands belonging to the quartz deposit located in the Siglău – Uricani area, Hunedoara County.

Contact Data

Banca Română de Scont SA – în faliment, in bankruptcy

Piaţa Sfatului nr.26, Braşov, judeţul Braşov, Romania

Tel: (+40) 268 471 088, 268 471 077

Fax: (+40) 268 470 874

E-mail: secretar@astrabank.ro

FGDB’s representative as Judicial Liquidator of BRS:

Mr. Cornel Benchea, cornel.benchea@fgdb.ro

Banca Turco Română SA – in bankruptcy (BTR) – short description, contact data

The bankruptcy proceedings of Banca Turco Română SA had been commenced on the basis of the Civil Judgment no.1215 of July 2, 2002 issued by the Bucharest Court in the file no.719/2002 (new number 143/3/2002).

I. Claims recovery and assets’ sales

Total collections between April 16, 2002 – December 31, 2022 amounted to RON 67.3 million, coming mainly from:

• assets’ sale of RON 31.9 million, representing 47% of total collections;

• financial revenues (gains from investing available liquidities) of RON 19.2 million, representing about 29% of total collections;

• claims recovery of RON 15 million, representing about 22% of collections and 6.6% of the total claims (credits and accrued interests) as of bankrupcy date.

Liquidation costs until December 31, 2022 amounted to RON 19.7 million.

II. Distributions of sums to creditors

Until December 31, 2022, 7 distributions amounting to RON 45.5 million were made to creditors, representing about 43% of creditors’ claims.

Contact Data

Banca Turco Română SA – în faliment, in bankruptcy

Bulevardul Voluntari nr.88, Oraș Voluntari, judeţul Ilfov, cod poştal 077190, Romania

Telefon: (+40) 21 2703995, 21 2703996

Fax: (+40) 21 2703997

E-mail: btr_faliment@yahoo.com

FGDB’s representative as Judicial Liquidator of BTR:

Ms. Marina Cornelia Saita, marina.saita@fgdb.ro