RIGA — Through their investments into real estate owned by the bank, Latvijas Krājbanka, increased the stock capital of its subsidiary Brīvības 38 from 2000 to 1.5 million lats (€2.15 million).
The increased investment in the real estate company is a positive sign in a real estate market that has been flat for the past year. The economic crisis saw [private_supervisor]property values decrease dramatically across the country and in Riga.
“The stock capital is increased by investing into it the real estate object owned by Krājbanka,” the bank said in a press release.
In May 2010 Krājbanka established the subsidiary SIA LKB Rīgas īpašumi, SIA LKB property, SIA Jēkaba 2 and SIA Brīvības 38 to administer and manage real estate owned by the bank.
The bank said that it was dividing its assets that were not related to the core functions of the business.
Shares of the bank are also up for sale.
Between June 22 and Sept. 30 this year, 6,499,952 shares valued at one lat each will be offered. It is the third stage of the offering. During the third stage of the subscription any investor shall have a right to subscribe to all offered shares, the bank said.
During the second stage of the stock offering, no shares were sold. [/private_supervisor] [private_subscription 1 month]property values decrease dramatically across the country and in Riga.
“The stock capital is increased by investing into it the real estate object owned by Krājbanka,” the bank said in a press release.
In May 2010 Krājbanka established the subsidiary SIA LKB Rīgas īpašumi, SIA LKB property, SIA Jēkaba 2 and SIA Brīvības 38 to administer and manage real estate owned by the bank.
The bank said that it was dividing its assets that were not related to the core functions of the business.
Shares of the bank are also up for sale.
Between June 22 and Sept. 30 this year, 6,499,952 shares valued at one lat each will be offered. It is the third stage of the offering. During the third stage of the subscription any investor shall have a right to subscribe to all offered shares, the bank said.
During the second stage of the stock offering, no shares were sold. [/private_subscription 1 month] [private_subscription 4 months]property values decrease dramatically across the country and in Riga.
“The stock capital is increased by investing into it the real estate object owned by Krājbanka,” the bank said in a press release.
In May 2010 Krājbanka established the subsidiary SIA LKB Rīgas īpašumi, SIA LKB property, SIA Jēkaba 2 and SIA Brīvības 38 to administer and manage real estate owned by the bank.
The bank said that it was dividing its assets that were not related to the core functions of the business.
Shares of the bank are also up for sale.
Between June 22 and Sept. 30 this year, 6,499,952 shares valued at one lat each will be offered. It is the third stage of the offering. During the third stage of the subscription any investor shall have a right to subscribe to all offered shares, the bank said.
During the second stage of the stock offering, no shares were sold. [/private_subscription 4 months] [private_subscription 1 year]property values decrease dramatically across the country and in Riga.
“The stock capital is increased by investing into it the real estate object owned by Krājbanka,” the bank said in a press release.
In May 2010 Krājbanka established the subsidiary SIA LKB Rīgas īpašumi, SIA LKB property, SIA Jēkaba 2 and SIA Brīvības 38 to administer and manage real estate owned by the bank.
The bank said that it was dividing its assets that were not related to the core functions of the business.
Shares of the bank are also up for sale.
Between June 22 and Sept. 30 this year, 6,499,952 shares valued at one lat each will be offered. It is the third stage of the offering. During the third stage of the subscription any investor shall have a right to subscribe to all offered shares, the bank said.
During the second stage of the stock offering, no shares were sold. [/private_subscription 1 year]
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