OREANDA-NEWS. April 06, 2010. During the first three months of 2010, the Parex banka continued to receive higher volumes of deposits. Data now show that on March 8, total deposits exceeded the sum of LVL 1 billion – LVL 1.019 billion, to be exact. Last time such a volume of deposits was recorded by the bank in April 2009.

Since the beginning of the year, total deposits made by the bank’s clients have increased by LVL 117 million. Growth has been seen in all of the bank’s business segments, particularly in the segment of corporate clients, where the volume of deposits increased by 59 million lats. Rapid growth of deposit volumes has been seen since the repayment of the second tranche of the bank’s syndicated loans in February, when the Parex banka provided most of the total sum of EUR 165 million.

In 2009 bank’s business was arranged in three main directions – service of private persons, service of corporate clients and private capital management, setting different priorities for each sector.

The bank would like to remind that according to the decision of government of Latvia on bank’s restructuring model, all bank’s depositors will be automatically transferred to the new bank and restructuring will not affect the cooperation between the bank and its clients, and clients will not be required to re-sign any agreements. Restructuring plan has been submitted to the European Commission for its approval.

In 2009 Parex banka has attracted 16 080 new clients and currently bank’s client base consists of 379 971 clients.