AS “Latvijas Krājbanka” increases stock capital of subsidiary company


The board of AS “Latvijas Krājbanka” (hereinafter referred to as - Krājbanka)
has resolved to increase the stock capital of SIA “Brīvības 38” from LVL 2000
up to LVL 1'508'000 (which according to the currency exchange rate determined
by the Bank of Latvia at the day of notification amounts to EUR 2'145'703). The
stock capital is increased by investing into it the real estate object owned by
Krājbanka. 
It was already informed that in May 2010 Krājbanka established the following
subsidiary companies: SIA “LKB Rīgas īpašumi”, SIA “LKB property”, SIA “Jēkaba
2” and SIA “Brīvības 38” to administrate and manage the real estate. By
establishing the said companies Krājbanka has a purpose to optimize its
activity by dividing the assets unrelated to the main banking activity. 


Kristīne Ozolniece
AS “Latvijas Krājbanka”
The expert of public relations
Phone: 67068031
Mobile: 25912461
E-mail: kristine.ozolniece@lkb.lv