In December 2006 JSC “NORVIK BANKA” registered the increased capital – LVL 22 499 928.00 in the Commercial Register of Enterprises of the Republic of Latvia. Previously capital of the Bank amounted to LVL 17 499 928.00. JSC “NORVIK BANKA” offers a wide range of settlement and financial services to individuals and entities in 13 branches and 76 settlement...

In December 2006 the bank registered new name – JSC „NORVIK BANKA” in the Register of Enterprises of Republic of Latvia. “Renaming of the bank – next logical step of process that began in January 2006, when the bank attracted strategic investors from Iceland and the holder of controlling block of shares became Jon Helgi Gudmundsson, owner of one of the lead...

Dear customer, LATEKO BANKA congratulates its customers with Christmas and New Year and informs about the time schedule for holidays: 25th of December – holiday. 26th of December – external transfers in Latvian Lats and express transfers in Euro will not be executed. Following services will be available: currency conversions, transfers in USA...

In December 2006 JSC LATEKO BANKA was approved a member of Banking Association of Central and Eastern Europe, thus becoming so far the only representative of Baltic banks in the list of BACEE participants. BACEE was founded in 1996 with the goal of promoting business relations of its member banks with financial institutions of Central and Eastern Europe....

Latvia, Riga, November 24 – Today JSC LATEKO BANKA concluded an agreement on receipt of a EUR 21 million syndicated loan, which is the second attracted this year. The authorised organisers of the syndicate are the German banks HSH NORDBANK AG and LANDESBANK BERLIN AG. Signing of the agreement took place on 24th of November at noon (12:00) in the conference...

From 15/11/2006 until 15/01/2007 JSC "LATEKO BANKA" offers a new deposit programs with raised interest rates. From 15/11/2006 are lowered minimum amounts for deposit placement. LSC "LATEKO BANKA" offers deposit programs for different currencies with the period from 1 day to 5 years.

On 26 October 2006 the International Rating Agency "Fitch Ratings" raised its forecast of JSC „LATEKO BANKA” development from stable to positive. The decision was taken in connection with the Bank’s strategy of developing on the local market, paying more attention to servicing of Latvian companies, as well as improving the process of financing....

Awarding of judo competition "Olympic Challenge Cup 2006" winners among juniors took place in JSC "LATEKO BANKA" this week. Young sportsmen were presented payment cards VISA Electron with different amounts of money depending on prize-winning places the competitors got. The Chairman of the Bank’s Board Andrey Svirchenkov congratulated the audience...

On 18 September, in Singapore there has been held an award ceremony for the nominations “The best emerging market banks 2006”, annually organised by the publication Global Finance. For each individual country, in this nomination there is evaluated the progress of banks in implementation of new technologies, in expansion of their share on the market and...

In September 2006, the Norvik Universal Credit Organisation, a credit company with the authorised capital of 500 thousand dollars, a subsidiary financial institution of the Latvian-Icelandic bank LATEKO BANKA starts its activity in Yerevan. As the head of the new organisation there is appointed Tigran Bostandzhyan, a specialist having an extensive...

Due to the beginning of cooperation between Bank of America N.A., New York, USA and JSC LATEKO BANKA, it became possible for the bank’s clients to effect payments through the following requisites: Bank of America N.A., New York, USA Account No. 6550075920 SWIFT: BOFAUS3N We kindly ask you to inform your business partners about possibility of using...

On 15th August 2006, the JSC “LATEKO BANKA” has started cooperation with the Bank of America, N.A, the largest bank in the financial industry. The first step of cooperation was opening of a correspondent account to the JSC “LATEKO BANKA” for processing of payments in US dollars. Some weeks earlier, the JSC “LATEKO BANKA” has also opened a correspondent...

JSC LATEKO BANKA has concluded an agreement on receipt of a 21 million euros syndicated loan. The authorised organisers of the syndicate are the Austrian bank RAIFFEISEN ZENTRALBANK ÖSTERREICH AG and KAUPTHING BANK LUXEMBOURG S.A., a subsidiary of the largest Icelandic bank KAUPTHING BANK HF. The term of the syndicated loan is 18 months and may be...

JSC “LATEKO BANKA”, after attracting a strategic investor in this year, has made the next step and acquired 94,95% equity interest in the most successful Latvian investment management company JSC “LVA ieguldījumu pārvaldes sabiedrība”, which manages second-tier pension plans. The acquisition will enable LATEKO BANKA to expand the range...

Global Finance has named LATEKO BANKA the best emerging market bank in Latvia in 2006. Criteria for choosing the winners included strategic relationships, competitive pricing, growth in assets, profitability, and innovative products. Sergey Gusarov, the Chairman of the Board of LATEKO BANKA, notes: “Undoubtedly, we appreciate the high appraisal...

LATEKO BANKA has signed an agreement with Landsbanki Islands about granting to LATEKO BANKA a 23 million euros credit line, with the interest rate of LIBOR +0.8%. According to the previously announced plan, the bank is intending to use the loan for financing of Latvian businesses, supporting their growth and development. Present at the signing of the...

Riga, January 18 - LATEKO BANKA has begun a business partnership with Icelandic investors which will alter the existing ownership structure. The investors are renowned entrepreneurs with extensive experience in international business. This partnership will present LATEKO BANKA with many new opportunities for growth in the international...