OREANDA-NEWS. May 28, 2010. As it was already informed, AS “Latvijas Krajbanka” (hereinafter referred to as Krajbanka) has established the following subsidiary companies:  SIA “LKB Rigas ipasumi”, SIA “LKB property”, SIA “Jekaba 2” and SIA “Brivibas 38” to administrate and manage the real estate, reported the press-centre of Latvijas Krajbanka.

By establishing the said companies Krajbanka has a purpose to optimize its activity by dividing the assets unrelated to the main banking activity.  By implementing this aim the board of Krajbanka has resolved to increase the stock capital of SIA “LKB Rigas ipasumi” from LVL 2000 up to LVL 2’379’000 (which according to the currency exchange rate determined by the Bank of Latvia at the day of notification amounts to EUR 3’385’012) and the stock capital of SIA “Jekaba 2” – from LVL 2000 up to LVL 2’645’000 (EUR 3’763’496). The stock capital is increased by investing into it the real estate objects owned by Krajbanka.

It was also resolved to increase the stock capital of the subsidiary company SIA “Krajinvesticijas”, by investing the funds in the amount of LVL 1'600'000 (EUR 2’276’595). After the increase the stock capital of SIA “Krajinvesticijas” shall comprise LVL 2’132’100 (EUR 3’033’705).