OREANDA-NEWS. On May 22, 2009 the Privatisation Agency has made an investment of 140 750 000 lats into Parex banka’s capital and issued a subordinated loan amounting to 71 527 766 euros (50 270 000 lats); thus, fully covering the previously announced issue of shares. The capital increase is yet to be registered with the Enterprise Register, reported the press-centre of Parex banka.

On 11 May 2009, the European Commission approved Parex banka’s capital increase and the issue of the subordinated loan in the aforesaid amount, facilitating the increase of Parex banka’s capital adequacy index to 11% and providing stable grounds for the future operations of the Bank.

The capital of Parex banka has been increased by means of previously made State Treasury deposit at the Bank; thus, reducing the amount of this deposit.