Wed, 11 May 2011: Parex ends syndicated loan debacle…

It proves gradual economic recovery of Latvia and the correctness of the strategy chosen for tackling problems in the banking sector, said Gwilliam. According to Parex Bank’s restructuring...

Wed, 27 Apr 2011: Rules say ‘no’ to use of reserves…

The government split Parex into an asset management company and created a new retail bank called Citadele Bank in preparation for the sale of both. “Our mandatory reserves are calculated a...

Wed, 8 Dec 2010: Parex sticks to plan…

30 this year, total assets - 859.7 million lats and 866.4 million lats, respectively. Capital and reserves were 74.5 million lats for Parex bank and 78.4 million lats for Parex Group. Taking int...

Wed, 4 Jul 2007: Parex secures record syndicated loan …

"We are proud to be the first Latvian private bank to enter this market and delighted to once again set the market benchmark with this record-breaking amount of 500 million euros as the largest ...

Wed, 8 Jun 2005: EBRD takes slice of Siauliu Bankas…

I think that the bond is likely to pay 3.1 's 3.2 percent interest," he told a new conference June 3. Savickas said that the bank expected to launch the bond issue in about a month's time and comp...

Wed, 20 Apr 2005: Banks extend whopping loan to Kaunas mega-mall…

The Hansabank Group will extend some 340 million litas, while Nordea Bank Lietuva will loan some 219 million litas, and the Sampo Group about 81.3 million litas. Vilniaus Akropolis will add the sy...

Wed, 2 Mar 2005: Nord/LB signs for syndicated loan…

Ozolins said he was pleased with obtaining the syndicated loan, as the bank had spent several months arranging it. The loan will be provided by nine European banks 's Germany's WestLB as the lead ...

Thu, 27 Nov 2003: New Stumbras management makes a strange loan…

News of the loan confirmed the suspicions of market analysts who said during Stumbras' privatization that investors were after the distillery's cash as much as the company itself. In early October...

Thu, 25 Mar 1999: Summed up…

Tokyo was named the most expensive city of the world. Moscow, which is eighth on the list, is the most expensive city in Europe and the former Soviet block. It outstrips places of notoriously expe...

Thu, 26 Nov 1998: Hansapank receives major money shots…

"This project will therefore strengthen a key player and support it in meeting the financing requirements of the private sector."The 150 million deutschemark loan that Hansapank received on Nov. 1...
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