OREANDA-NEWS. 10 – 11 September 2008, Parex banka took part in the 13 th Euromoney Russia and CIS conference in Moscow, Russia, reported the press-centre of Parex banka.

The event annually gathers over six hundred attendees representing financial institutions from Russia, CIS, Europe, Middle East and Asian countries. The Euromoney conference took place in two parallel streams: an exhibition event and discussion panels, which were attended by government representatives, top managers of the Bank of Russia and senior decision makers in the global investment banking industry.

Parex banka was one of the exhibitor banks at the Euromoney conference and was represented by the Capital Markets and Investment Banking Division, headed by the Senior Vice President Martins Jaunarajs, Parex Asset Management Riga and Moscow offices and a representative of Bank's subsidiary AP Anlage & Privatbank.

As part of the exhibition, the Parex team presented the latest and most attractive investment products available at Parex banka and promoted investment opportunities in the Baltic region as well as updated on the Bank's activities in the CIS region and its private banking services.

As one of the speakers in the discussion sessions, Mr. Arvids Sipols, Parex banka's Vice President, took part in the panel entitled CIS and Russian Banking: say goodbye to international finance?, where he and his Russian and European colleagues discussed and analyzed the prospects for the region's banking sector and the impact of global economic conditions on the region.

Meanwhile, the Bank's Senior Vice President Martins Jaunarajs appeared on the Russia's leading business news channel RBC TV and confirmed Parex banka's persistent interest in Russian market despite the liquidity crunch. Mr.Jaunarajs highlighted the uniqueness of Russian market both in its scale and potential, due to which this market will always be interesting to Parex banka and its clients.

“The liquidity crunch, on one hand, is bothering us, but on the other hand, it gives us a good opportunity to increase our exposure in this market, because, in a long-term perspective, we believe in Russia's potential,” he said.

In the nearest future Parex banka will be represented at several international conferences including SIBOS, Private Equity in CEE, Baltic Forex Expo 2008, Global Investor Window 2008 and Global Investment and Finance Forum.