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Law aims to limit bank interest payouts

Feb 17, 2010
Staff and wire reports

EASY MONEY: Former Parex owners should take responsibility for their own actions in failed bank.
RIGA - The government approved on Feb. 16 the Finance Ministry’s amendments to the Law on Credit Institutions limiting benefits that shareholders derive from banks that have received state aid, reports news agency LETA. This may be primarily targeted at former Parex bank owners Valerijs Kargins and Viktors Krasovickis, who have managed to maintain significant amounts of money on deposit at the bank, despite the bank’s near collapse in 2008 under their tutelage, now earning them su ...

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