| Emitents | Latvijas Hipotēku un zemes banka, VAS |
| Veids | Būtiski notikumi |
| Valoda | EN |
| Statuss | Publicēts |
| Versija | |
| Datums | 2011-11-02 08:02:54 |
| Versijas komentārs | |
| Teksts |
In line with the decision of the Cabinet of Ministers made in 2009 on transforming the state JSC “Mortgage and Land Bank of Latvia” into a development bank, on Tuesday, November 1, the Government supported the Mortgage Bank’s commercial part sales strategy and assigned the Ministry of Finance by November 15 to establish an advisory council to coordinate state aid mechanisms. These are the next successive steps in transforming the Mortgage Bank into a development institution. The transformation of the Mortgage Bank is done
according to the conception approved by the CoM on November 24,
2009 on transforming the state JSC “Mortgage and Land Bank of
Latvia” into a development bank and the Mortgage bank transition
plan considered by the CoM on April 12, 2011 envisaging separation
of the commercial part of the Bank, which is not related to the
functions of the development bank.
The implementation of the strategy will not affect
contractual liabilities of clients and the bank. During the whole
transformation process continuity and succession of services will
be ensured. Clients will be informed in person and in a timely
manner on any changes in services.
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