In accordance with the decision of the bank’s shareholder, the State Joint-stock Company “Mortgage and Land bank of Latvia” (“Latvijas Hipotēku un zemes banka”) has increased its fixed capital by 43 290 000 lats; thus the total volume of the share capital has reached 121 320 911 lats.

Consent to the Mortgage bank’s equity capital increase was given also by the European Commission.

The increase of the Mortgage bank’s equity capital supports the implementation of the internally detached development banking activities (state aid programmes). The capital increase is effected, using the funds of the European Regional Development Fund, transferred to the bank already before, which are being used for lending to entrepreneurs under target programmes.

The European Commission has also given its consent to the Mortgage bank’s equity capital increase by 29.5 million lats that took place in January of this year, thus acknowledging that the bank has complied with all the requirements of implementation of state aid programmes.