Emitents | Latvijas Hipotēku un zemes banka, VAS |
Veids | Būtiski notikumi |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2010-05-24 14:56:24 |
Versijas komentārs | |
Teksts |
The Ministry of Finance has drafted a report for the Cabinet
of Ministers on the implementation progress of the concept on
„Transformation of the state-owned JSC „Mortgage and Land Bank of
Latvia” into a development bank”. The report outlines the measures
to be accomplished in order to transform the Mortgage Bank into a
development bank. The government meeting scheduled for the
25th of May will examine the report. The concept
approved by the government stipulates establishment of the
development bank on the basis of the Mortgage Bank by end of
2013.
The transformation framework of the Mortgage Bank encompasses
the following measures:
During the transformation process the Mortgage Bank will
continue servicing its customers and guarantee meeting of its
obligations. At the same time the sum total of the deposits will be
gradually reduced by 2013 in proportion to liquidity adequacy
requirements of the Financial and Capital Market Commission.
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