Successes
We have successfully recovered shortfalls and aircraft for Imperial Bank, Imperial Holdings and various liquidators with both small and larger aircraft from single engines to airliner jets.
1999
Over R900 million collected on installment sales, rentals and commercial property loans after closing an agreement with The Receivers of New Republic Bank in 1999. |
2003
Of the R1 billion sale agreement with Saambou Receiver in 2003 for the acquisition of the Planet Finance agreement, we have collected 98% to date. |
2005
R145 million and R65 million are the respective advances acquired by NRB in 2005 for own risk and reward from two financial institutions. |
2008
In 2008, NRB Risk Solutions concluded a transaction with a major bank to manage performing and non-performing advances to the value of R511 million. |
2011
On 30th June 2011 we successfully completed the corporate closure of a major operation, Tyco Trucks, with Imperial Group. We have recovered more than R2 billion cash through the sale of assets and collection of debt/debtors.
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