The annual meeting of Parex banka’s shareholders will be held on 30 April 2010. The agenda of the meeting contains the approval of bank’s 2009 annual report.

As reported previously, on 6 April 2010, Parex banka’s shareholders will assemble for an extraordinary meeting to elect the Council and an Audit Committee for the bank. This meeting has been initiated by the Privatisation Agency.

The previous extraordinary meeting of shareholders was held on 29 January to decide on the issue of bank’s debt securities.

Currently, the Latvian Privatisation Agency is the majority shareholder of Parex banka, holding 76.6% of the Bank’s shares, but 19.7% are owned by the European Bank for Reconstruction and Development. Minority shareholders hold the remaining shares.

About Parex banka:

Founded in 1992, Parex banka currently employs some 1 900 people at branches all over Latvia and offers universal banking services throughout the Baltic region, the CIS and other European nations such as Germany, Switzerland and Sweden. Parex Group companies operate across the banking, finance, leasing, asset management and life insurance sectors. Parex banka has signed up to the European Code of Conduct on housing loans.

For more information please contact:
Inga Saleniece
Corporate Communications Department
Telephone: +371 67778870 or +371 26564629
E-mail: pr@parex.lv