OREANDA-NEWS. June 30, 2008. Based on the decision of the Enterprise Register of the Republic of Latvia, dated June 17, 2008, the Bank has been officially registered under the name of AS SMP Bank, and the respective banking license has been reregistered by Latvian regulator - Financial and Capital Market Commission on June 25, 2008, reported the press-centre of SMP Bank.

These changes result from the acquisition of stock control in Joint Stock Company Multibanka by SMP Bank (Commercial bank Severniy Morskoy Put'), headquartered in Moscow, Russian Federation, which came into effect on  May 6, 2008.

AS SMP Bank believes that validity of any contract, agreement or other legal document that has been duly signed in the name of AS Multibanka is not affected in any manner by change of the entity name. Thus, AS SMP Bank believes that all agreements signed in the name of AS Multibanka shall remain in force and AS SMP Bank will honour all duties and obligations arising from these.

The legal address and SWIFT BIC of the AS SMP Bank remain unchanged as follows:

Legal address: 57, Elizabetes Str., Riga, LV-1772, Republic of Latvia

SWIFT BIC: MULTLV2X.

Contact details of the Bank (phone, fax) remain unchanged. Changes in e-mail addresses will follow, which will be advised separately, though the Bank for the whole transition period will support the previously used addresses to provide uninterrupted exchange of information.

Business strategy of AS SMP Bank envisages further improvements in scope and quality of financial services that are being successfully provided to the customers of the Bank since 1994.