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
During the meeting, which took place on 3 September 2009 the Bank of Lithuania approved the transaction, according to which AB Bank SNORAS will acquire 100 percent of the shares of AB “Finasta įmonių finansai” owning AB bank “Finasta”.
more »
The European Commission tabled yesterday its proposal on fishing possibilities for fish stocks in the Baltic Sea for 2010.
more »
Members of the Civil Liberties Committee voiced concern on Thursday over the interim agreement under negotiation between the EU and the United States on data transfers via the SWIFT network.
more »
Consumers in Cyprus, the Czech Republic, Hungary, Poland, Romania and Slovenia now have access to consumer magazines and websites, which provide independent, comparative testing of consumer products, following a three-year EU project co-financed by the European Commission.
more »
Funds management company “SNORAS Asset Management” will establish the first alternative investment fund in Lithuania - “SAM Renewable Energy Fund”.
more »
The re-launched Lisbon Partnership for growth and jobs has put innovation and entrepreneurship at the centre and called for decisive and more coherent action by the Community and the Member States in view of mastering the shift towards knowledge based low carbon economy.
more »
Helping dairy farmers now, as well as restructuring the dairy sector in the long run, is the way out of the current milk market crisis, Agriculture Committee MEPs told Agriculture Commissioner Mariann Fischer Boel in a debate on Tuesday.
more »
The EU is phasing out traditional light bulbs over the next three years in favour of a new generation of energy-efficient lighting.
more »
Lithuania increases the VAT rate from 19 % to 21 % from September 1, 2009.
more »
Two recent joint missions from three development finance institutions helped Thailand identify low carbon projects that could be eligible for Clean Technology Fund financing.
more »