Parex banka acknowledges the investors' interest about the Bank, including its daughter companies and acquisition of property; however, no decisions have been made. The shareholders and the Council of the Bank will consider specific proposals upon the receipt. Strategic priorities of the Bank are the return to the private sector and the repayment of the state deposit in the shortest term possible.

 About Parex banka:

Founded in 1992, Parex banka offers universal banking services throughout the Baltic region, the CIS and other European nations such as Germany, Switzerland and Sweden. Parex Group companies operate across the banking, finance, leasing, asset management and life insurance sectors. Parex banka is the only partner of American Express in Latvia and Lithuania, allowed to issue American Express credit cards. Currently, the Latvian Privatisation Agency is the majority shareholder of Parex banka, holding 95,3% of the Bank's shares.

Additional information:

Inga Saleniece

Corporate Communications and PR

Parex banka

Ph:  6777 8870 or 2 6564629

E-mail: pr@parex.lv