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| Parex Group / About Parex Group | |||
Being founded in 1992 as one of the first commercial banks in Latvia, Parex banka had become one of the largest independent financial institution in the Baltic States. The Parex Group offers integrated client services including lending, payment card services, leasing, asset management and securities brokerage. The Bank’s 17 years of experience in sustaining product and service quality, while actively pursuing growth opportunities in the Baltics and other international markets, resulted in consistent expansion of the Group in the region. Parex Group is well represented in 13 countries through its wide network of representative offices, subsidiaries and branches. Currently, Parex banka offers universal banking services throughout the Baltic region, the CIS and other European countries such as Germany, Switzerland, Estonia, Lithuania and Sweden. On the back of the global liquidity crunch, in November 2008 the Bank turned to the Latvian Government for support. On 5 December 2008 State-owned Mortgage and Land Bank of Latvia became the majority shareholder of Parex banka. On 24 February 2009, Government made a decision to transfer state-owned Parex banka’s shares into holding of the Privatisation Agency. On 3 September 2009, the European Bank for Reconstruction and Development became shareholder of the bank. Currently, the Latvian Privatisation Agency is holding 70,3% of the Bank’s shares, 25% are controlled by the European Bank for Reconstruction and Development, but the rest - by minority shareholders. List of Parex banka affiliated companies:Banking:
Asset management:
Pension Fund:
Leasing:
Insurance: |
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