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
European conference promotes regional solutions to global challenges.
more »
Iceland‘s low-fare airline Iceland Express will launch regular flights by the new-generation „Boeing 737-700“ planes to about 8 different destinations from Vinius International Airport.
more »
Over 3 million people around the world have lost their jobs due to the financial crisis and, according to the UN, economic recovery is unlikely to reach those that have suffered most - poor women and children.
more »
The European Commission has today decided not to raise any objections to the public financing of infrastructure developments at three Lithuanian airports – Vilnius, Kaunas and Palanga International Airports.
more »
The European Commission has published the results of a public consultation launched in June 2009 on whether and how deadlines should be set for the migration of existing national credit transfers and direct debits to the new Single Euro Payments Area (SEPA) payment instruments.
more »
A favourable climate for innovation in the EU can speed up the transition to an eco-efficient economy and increase Europe’s global competitiveness.
more »
The International Monetary Fund (IMF) and the Deutsche Bundesbank have signed an agreement to provide the Fund with up to the equivalent of €15 billion (about US$22 billion).
more »
Today the European Central Bank is publishing a report entitled “Euro Money Market Survey 2009”, which illustrates the main developments in the euro money market in the second quarter of 2009, in comparison with the second quarter of 2008.
more »
New EU laws proposed for closer oversight of financial services industry, sending a strong signal to this week's G20 summit.
more »
The European Commission has repeatedly underlined that the restructuring plan of new Opel Europe must guarantee that the company will be viable in the future.
more »