OREANDA-NEWS. May 17, 2012. In accordance with Section 186 of the Credit Institutions Law hereby it is announced that the bankruptcy procedure of MAS "Latvijas Krajbanka", reg. no. 40003098527, has been commenced based on the decision no. C04523311 of Riga District Court dated 8 May 2012. Creditors and other persons are invited to report their claims and objections of a different nature within 3 (three) months of the publication date in "Latvijas Vestnesis", reported the press-centre of Latvijas Krajbanka.

The Administrator of the insolvency procedure is KPMG Baltics SIA, a legal entity with reg. no. 40003235171, that has authorized a physical person - the certified administrator Janis Ozolins, certificate no. 00238 (correspondence address of the administrator and its authorized person: J. Dalina iela 15, Riga, LV-1013, telephone: 67104050, e-mail: kpmg@lkb.lv).

In accordance with Section 187 of the Credit Institutions Law hereby it is announced that the auction of property of the credit institution has began. Each separate auction will be announced by the Administrator according to the requirements of the Civil Procedure Law.