OREANDA-NEWS. June 18, 2008. An extended Council of Parex banka was elected today during the extraordinary Shareholders' meeting of the Bank. In accordance with the decision made during the meeting the following members are elected in the Parex banka's Council for the coming three years – Mr. Guntars Grinbergs, Mr. Valdis Birkavs, Ms. Aija Poca, Mr. Hans Eberhard Berndt, Mr. Gints Poiss and Mr. Viesturs Neimanis.

“Being a member of Parex banka's Council is an appealing challenge for my future carrier. For many years I have obtained experience and knowledge in the Latvian banking sector and now I will be able to use this expertise in the strongest financial institution with local capital in Latvia,” Mr. Viesturs Neimanis, the new member of Parex banka's Council, admitted after election.

Mr. Guntars Grinbergs, Chairman of Parex banka's Council, stated: „Mr. Neimanis is is an expert in almost all fields related to Latvian banking sector. For many years he has been leading a Scandinavian bank in Latvia, obtained extensive expertise in collaboration with foreign investors and international financial institutions. Parex banka is very active in expanding its presence outside the Baltic States, especially Europe; therefore, I am certain that Mr. Neimanis contribution in our organisation will be of great value.”