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Press Release of April 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 March 31, 1999 balance sheets published in the newspaper Latvijas Vestnesis.


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

1. Parekss-banka 34 790
2. Latvijas Unibanka 30 303
3. Vereinsbank Riga 11 550
4. Hansabank - Latvija 11 129
5. Latvijas Hipoteku un zemes banka 6 863
6. Rietumu banka 6 778 *
7. Baltijas Tranzitu banka 6 767
8. Aizkraukles banka 5 613
9. Banka "Paritate" 5 521
10. Saules banka 5 329
11. MeritaNordbanken Latvia 4 634
12. Ventspils Apvienota Baltijas Banka 4 373
13. Maras banka 3 847
14. Latvijas Ekonomiska komercbanka 3 187
15. Latvijas Krajbanka 3 183 *
16. Ogres komercbanka 2 345
17. Multibanka 2 213
18. Rigas Naftas un kimijas banka 2 101
19. Trasta komercbanka 1 884 *
20. Latvijas tirdzniecibas banka Not published
21. VEF banka Not published
22. 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.