FCMC turns to court for winding-up of JSC “TRASTA KOMERCBANKA”

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Riga, 04.03.2016

Press Release 

FCMC turns to court for winding-up of JSC “TRASTA KOMERCBANKA” 

The Financial and Capital Market Commission (FCMC) on 4 March 2016 filed an application to a court for initiating the winding-up of JSC “TRASTA KOMERCBANKA”.


In accordance with the Credit Institution Law, if the bank’s license is cancelled the FCMC shall appoint an authorised person and submit to a court an application for the liquidation of the bank and the appointment of a liquidator, simultaneously nominating a candidate for the liquidator.


In accordance with the Civil Procedure Law a judge shall take a decision to initiate a liquidation matter or refusal to accept an application not later than the day following receipt of the application in court, but if an application is left not proceeded with, then not later than the day following the rectification of deficiencies indicated in a judge’s decision or after expiry of the time period for fulfilling the deficiencies. Court shall examine the application within seven days after its receipt.


The current JSC “TRASTA KOMERCBANKA” board will continue its work until the appointment of a liquidator.


Further information:

Agnese Līcīte

Public Relations Specialist

FCMC Communications Division  

Telephone  +371 67774808, +371 29467009, 



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