Disputable Kc40bn claim on CSOB sold to Slovak General Factoring


The new owner of Kc40bn disputable claim on CSOB from the times of sale of former bank IPB is Slovak company General Factoring involved in management and exacting of claims, Clanroy Sales which organised the December auction of the claim.

General Factoring was to pay Kc104m for the claim within three months from the auction.

“The price reached in the auction has been fully covered,” the auctioneer said.

The claim arose in the sale of bankrupt IPB to CSOB for Kc1. Its size is given by the difference between the purchase price and the price set by auditor HSBC Investment Bank.

Japanese bank Nomura says the claim has the value of Kc40bn. CSOB, on the other hand, argues the claim is doubtful and fabricated, and two independent appraisals had set IPB's value at the time of its sale at a negative tens of billions of crowns.



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