OREANDA-NEWS. June 04, 2010. The board of AS “Latvijas Krajbanka” (hereinafter referred to as - Krajbanka) has resolved to increase the stock capital of SIA “LKB property” from LVL 2000 up to LVL 4’544’000 (which according to the currency exchange rate determined by the Bank of Latvia at the day of notification amounts to EUR 6’465’530), reported the press-centre of Latvijas Krajbanka.

The stock capital is increased by investing into it the real estate objects owned by Krajbanka.

It was already informed that in May 2010 Krajbanka 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. By establishing the said companies Krajbanka has a purpose to optimize its activity by dividing the assets unrelated to the main banking activity.