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Rigas Komercbanka prepares for re-opening

Sep 23, 1999
By Steven C. Johnson

RIGA - Hakan Kallaker, the new president of Rigas Komercbanka, said the bank "will come back strong" when it re-opens its doors in early October and predicted a new name and new shareholders will eventually restore public confidence in the institution."We are not reopening an old bank, we are opening a new bank. We will even have a new name, though I cannot reveal it at this time," said Kallaker, a former executive vice president of Swedbank who was tapped by Riga's central bank to lead Komercba ...

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