The balance sheet value of the assets held-for-sale as at 31 December can be broken down as follows:
Amounts in thousands of EUR | 2022 | 2021 |
|---|---|---|
Repossessed assets | 4,750 | 6,544 |
Own property held for sale | - | 6,135 |
Balance sheet value as at 31 December | 4,750 | 12,679 |
Triodos Bank can acquire the collateral under non performing loans, all assets acquired are real estate. It is the intention of Triodos Bank to dispose of these assets as they are not part of the primary business of the Bank. If permitted by the underlying contracts of the acquired assets, these assets are presented as real estate for sale, using a realtor.
The sale of own property held for sale has been finalised in May 2022.