Latvia’s Parex banka plans branch opening in Stockholm for next spring
Published:
5 January 2005 y., Wednesday
Parex banka, the largest bank in Latvia by assets, next spring plans to open a branch in Stockholm where the bank at present has a representation operating, said Parex banka spokesman Viktors Zakis.
"This could be in March, April", he said, adding that legal issues still have to be settled. The premises for the bank's branch in Stockholm are ready and will house the representation until the branch opening.
Zakis reminded that Parex banka also plans to open its branch in Germany's capital Berlin during the first half of the next year. Decisions to open branches in Sweden and Germany were made as Parex Bank finds these markets interesting.
At present Parex banka has one branch in Estonian capital Tallinn. Parex banka is the only Latvian bank having opened a branch abroad.
All in all Parex banka has representations and subsidiaries operating in ten countries outside Latvia, including in Baltic states, CIS, Great Britain, Germany, Sweden and Japan. Parex banka owns Parex bankas in Lithuania and Anlage&Privatbank in Switzerland.
Parex banka is the largest among Latvia's 23 banks by assets. Its largest shareholders are bank heads Valerijs Kargins and Viktors Krasovickis.
Šaltinis:
BNS, parexgroup.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Women in the EU earn on average 18% less than men - a gap that has scarcely narrowed over the last 15 years and in some countries has even grown.
more »
43 gas and electricity projects to split €2.3bn, the most the EU has ever spent on energy infrastructure in a single package.
more »
Georgia and the European Union have initialled a comprehensive air services agreement at a meeting in Tbilisi, Georgia, today which will open up and integrate the respective markets, strengthen cooperation and offer new opportunities for consumers and operators.
more »
In order to vitalize and strengthen cooperation of business stakeholders in the region, the Nordic and Baltic countries continue running joint mobility programme.
more »
The EBRD is boosting the availability of financing to the real economy sector in Serbia, with a €20 million credit line to Société Générale Serbia for on-lending to small and medium enterprises.
more »
The EBRD is supporting the development of the private sector in Armenia and increases further the availability of financing in the real economy sector with a $10 million loan to Ameriabank for on lending to local companies under its Medium Sized Co-financing Facility (MCFF).
more »
The EBRD is supporting the modernisation and improvement of transport infrastructure in Albania with a €50 million sovereign loan to finance the rehabilitation of regional and local roads in the country.
more »
Given the deep impact Latvia has suffered in the wake of the global crisis, and due to the emergency nature of this program, the first operation will focus mainly on the first and second objectives.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will visit Africa March 7-11, to discuss opportunities and challenges facing African economies in the wake of the global crisis.
more »
Without enough money, the EU 2020 strategy risks turning into "another vague scoreboard for the Member States", the EP Budgets Committee warned on Thursday when adopting its priorities for the 2011 budget.
more »