AS “Latvijas Krājbanka” increases stock capital of subsidiary companies

As it was already informed, AS “Latvijas Krājbanka” (hereinafter referred to as
Krājbanka) has 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.  By implementing this aim the board of
Krājbanka has resolved to increase the stock capital of SIA “LKB Rīgas īpašumi”
from LVL 2000 up to LVL 2'379'000 (which according to the currency exchange
rate determined by the Bank of Latvia at the day of notification amounts to EUR
3'385'012) and the stock capital of SIA “Jēkaba 2” - from LVL 2000 up to LVL
2'645'000 (EUR 3'763'496). The stock capital is increased by investing into it
the real estate objects owned by Krājbanka. 
It was also resolved to increase the stock capital of the subsidiary company
SIA “Krājinvestīcijas”, by investing the funds in the amount of LVL 1'600'000
(EUR 2'276'595). After the increase the stock capital of SIA “Krājinvestīcijas”
shall comprise LVL 2'132'100 (EUR 3'033'705). 



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