Supriya Ghosh (Editor)

Latvijas Krājbanka

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Type
  
Joint stock company

Fate
  
In liquidation

Headquarters
  
Number of employees
  
941 (2009)

Subsidiaries
  
SIA LKB lzings

Industry
  
Banking

Number of locations
  
155 service centres

Founded
  
1924

Parent organization
  
Traded as
  
Nasdaq Baltic: LKB1R Nasdaq Baltic: LKB2R

Predecessor
  
Latvian Postal Savings Bank

Kas ir latvijas kr jbanka


Latvijas Krājbanka (Nasdaq Baltic: LKB1R,Nasdaq Baltic: LKB2R) is a Latvian bank listed on the Riga OMX exchange. The bank dates back to 1924 when it was founded as the Latvian Postal Savings Bank. Operations of the savings bank continued in various forms during the Soviet period, and following the regained Latvian independence the privatisation process of the bank was initiated 1997 and concluded 2003.

Contents

The main shareholders are Lithuanian based Snoras banking group and the Russian businessman Vladimir Antonov. In 2009, Latvijas Krājbanka had a turnover revenue of 34.6 million Latvian lats with a loss of 1.9 million lats. The bank had 941 employees and 155 customer service centres in Latvia.

In November 2011, the bank was taken over by the Latvian government and will be liquidated due to bankruptcy of Snoras. Antonov was accused of fraud and misappropriation of US$290 million.

Latvijas kr jbankas fili les atv r ana p c bankas kraha


References

Latvijas Krājbanka Wikipedia


Similar Topics