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Press Release of July 30, 1999

 

Pursuant to Article 93 of the Law "On Credit Institutions", banks that are allowed to attract private persons' deposits must publish their balance sheets as of the end of the first, the second and the third quarters in the newspaper Latvijas Vestnesis by May 1, August 1 and November 1 respectively.

The banks that are at present allowed to attract private persons' deposits are ranked by the balance sheet item "Equity" as shown on their June 30, 1999 balance sheets published in the newspaper Latvijas Vestnesis.


No. Name of the bank Equity
(in thousands of lats)

1. Parekss-banka 36 930*
2. Latvijas Unibanka 32 672
3. Vereinsbank Riga 11 801
4. Latvijas Hipoteku un zemes banka 7 112
5. Baltijas Tranzitu banka 7 057
6. Rietumu banka 6 759 *
7. Aizkraukles banka 5 802
8. Banka "Paritate" 5 643
9. Saules banka 5 370
10. MeritaNordbanken Latvia 4 977*
11. Ventspils Apvienota Baltijas Banka 4 682
12. Maras banka 3 912
13. Latvijas Krajbanka 3 554
14. Latvijas Ekonomiska komercbanka 3 433
15. VEF banka 2 960
16. Multibanka 2 931
17. Latvijas tirdzniecibas banka 2 434
18. Ogres komercbanka 2 352
19. Trasta komercbanka 1 401
20. Hansabanka Not published
21. Riga Branch of "Societe Generale" Not stated separately

 

The equity reported in the bank’s balance sheet does not correspond to the evaluation by the Bank of Latvia.

We would like to stress once again that, when deciding whether to place your funds with any particular Latvian bank, you should first and foremost assess the development of its equity, i.e., compare it with the data on the previous quarters.