OREANDA-NEWS. June 08, 2009. Latest financial data and the increasing number of new customers indicate that Parex banka is slowly regaining the loyalty of retail customers and SME and resuming its development in this sector. In the period between 31 March 2009 and 31 May 2009, the deposit portfolio of the Bank has increased by 10 million lats. The number of deposit agreements signed in May has increased and the total contract amount reached 22.32 million lats. Similarly deposits in Maxi savings accounts have increased, resulting in a 10% portfolio increase during the past two months.

The Member of the Management Board of Parex banka, Senior Vice-president of the Sector of Retail and SME customer service Guntis Belavskis underlines: "Already before the takeover of the bank in autumn, this particular banking sector managed to demonstrate an exclusive performance, offering the best banking products and the most profitable deposits to the Latvian residents. Currently more and more customers are resuming their regular activities with the bank, which allow us to hope for even better results in the coming months.”

Parex banka is also demonstrating good results in the attraction of legal entities: while 195 new legal entities were registered in the Bank in May 2008, the results of May 2009 indicate already 290 new legal entities. In total, more than a thousand new legal entities have been registered in the Bank in 2009.