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
On 11 February, heads of state or government of European Union member states will meet in Brussels to seek a commitment towards implementing a revitalised economic strategy to boost employment and growth in the EU.
more »
International Monetary Fund forecasts that Lithuania’s economy will grow 1.6 % this year, making it “the only one of the three Baltic economies expected to be in the positive territory in 2010”.
more »
Raynair announced it would open its 40th and 1st Central European base at Kaunas, Lithuania’s second largest city, in May with 2 based aircraft and 18 routes.
more »
A new Partnership Strategy for Morocco has been approved by the Board of Executive Directors of the World Bank.
more »
The electric car is an opportunity for European industry.
more »
The EBRD’s Board of Directors has adopted a new strategy for Kazakhstan, which reinforces the Bank’s commitment to further support the Kazakh economy and sets out the priorities for its activities in the country over the next three years.
more »
The European Commission has authorised, under EU state aid rules, plans notified by Sweden to provide a guarantee that would enable Saab Automobile AB to access a loan from the European Investment Bank (EIB).
more »
At the informal meeting of the Ministers of Competitiveness (Science and Industry), to be held between 7 and 9 February in San Sebastian, the issues on the table will include placing science at the top of the EU agenda and showcasing its role in economic recovery, as well taking the debate on the electric vehicle to EU level.
more »
The Executive Board of the International Monetary Fund (IMF) today approved a 27-month Stand-By Arrangement with Jamaica in the amount of SDR 820.5 million (about US$1.27 billion) to support the country’s economic reforms and help it cope with the consequences of the global downturn.
more »
Mr. Nadeem Ilahi, chief of an International Monetary Fund (IMF) staff mission to the Kyrgyz Republic, issued the following statement today in Bishkek.
more »