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PRX: Response to information published in the newspaper Diena

Spekuliantai.lt | 2010-01-25 | NASDAQ OMX biržų naujienos | perskaitė: 1774
PRX: Response to information published in the newspaper Diena

Parex banka Company Announcement 25.01.2010

Response to information published in the newspaper Diena

Parex banka cannot confirm information published by the newspaper Diena on
January 23, 2010, in a story called “Decision on Parex bonds will have to be
taken.” The report focused on the bank's unaudited losses in 2009 and the
established provisions for unsecured loans. The bank's 2009 financial results
are still being calculated, and the bank will announce the results in
accordance with the law on the financial instruments market and the rules on
quarterly bank reports that have been issued by the Financial and Capital
Markets Commission.


About Parex banka:
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. Currently, the Latvian
Privatisation Agency is the majority shareholder of Parex banka, holding 73.4%
of the Bank's shares, but 22.4% are owned 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
Corporate Communications Department
Telephone: +371 67778870 or +371 26564629
E-mail: pr@parex.lv

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