On withdrawal of insolvent “Latvijas Krājbanka’s” banking licence

11.05.2012
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Riga, 10.05.2012

Press Release

On withdrawal of insolvent “Latvijas Krājbanka’s” banking licence

On 10 May 2012, the Board of Financial and Capital Market Commission (hereinafter – the Commission) resolved to withdraw a credit institution operating licence granted to the joint stock company “Latvijas Krājbanka” (hereinafter – the Bank).

The above decision was made based on the Riga Regional Court’s decision of 8 May 2012 to launch the Bank’s bankruptcy proceedings.

Ieva Upleja
Chief Public Relations Specialist
Communications Division
Financial and Capital Market Commission
Phone: +371 67774807, email: ieva.upleja@fktk.lv

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