PRX: Parex banka establishes Subsidiary for Real Estate Management
Spekuliantai.lt
|
2009-09-17
|
NASDAQ OMX biržų naujienos | perskaitė: 949
PRX: Parex banka establishes Subsidiary for Real Estate Management
Parex banka Company Announcement 17.09.2009
Parex banka establishes Subsidiary for Real Estate Management
Parex banka has established a subsidiary, SIA NIF (“Nekustamo īpašumu fonds”,
or “Real Estate Fund”), which will professionally manage assets that are not
related to the Bank's basic business. This applies to the Bank's real estate,
non-performing loans and alienated properties. The enterprise is intended to
become a holding company. Documents to register SIA NIF were submitted to the
Latvian Register of Enterprises on September 17.
Subsidiaries to the company are to be established by mid-October, and each of
these will deal with a particular area of real estate - commercial properties,
land, and housing. This process is in line with the bank's confirmed policy for
restructuring.
SIA NIF is 100 % owned subsidiary of SC "Parex banka".
About Parex banka:
Founded in 1992, Parex banka currently employs some 2,000 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 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 70,3% of the Bank's shares, but 25% are
controlled by the European Bank for Reconstruction and Development. Parex banka
has signed up to the European Code of Conduct on housing loans.
For more information:
Inga Saleniece, acting director
Corporate Communications Department
Telephone: +3716777-8870 or +371 26564629
E-mail: [email protected]