According with the decision of Parex banka management board, extraordinary shareholders’ meeting will be held on January 29, 2010 at 11:00 o’clock in bank’s headquarters at Republikas Square 2A in Riga. Meeting agenda includes two issues – emission of bank’s debt securities and revision committee.

 

Previous shareholders’ meeting, which was scheduled in December 18, 2009, was cancelled due to technical reasons.

 

Currently, the Latvian Privatisation Agency is the majority shareholder of Parex banka, holding 73,4% of the Bank’s shares, but 22,4% are controlled by the European Bank for Reconstruction and Development;the remaining shares belong to minority shareholders.

 

 

Founded in 1992, Parex banka currently employs some 1 900 people at branches all over Latvia and 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 has signed up to the European Code of Conduct on housing loans.

 

Inga Saleniece, acting director

Corporate Communications Department

Telephone: +371 67778870 or +371 26564629

E-mail: pr@parex.lv