OREANDA-NEWS. March 29, 2011. AS “PrivatBank” continues to be a stable and reliable bank, which our customers confirm by placing large subordinated deposits with AS “PrivatBank”, reported the press-centre of PrivatBank.

On July 1, 2010, amendments to the Latvian Immigration Law came into force, providing for new possibilities of obtaining a residence permit in Latvia.

According to the amendments, a non-resident of Latvia placing a subordinated deposit of over 200.000.00 LVL (300.000.00 EUR; 400.000.00 USD) for 5 years can claim for a temporary residence permit in Latvia for the term of the deposit.