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The future of Komercbanka uncertain

Aug 12, 1999
By Diana Kudayarova

RIGA - Komercbanka has to be revitalized, the state decided, and set up the SIA Rigas Komercbanka Rehabilitation Agency. One million lats ($1.7 million) needed for Komercbanka's revitalization have been allocated to the Finance Ministry. But it's not party time for the bank administration just yet.The Parliament allocated the rehabilitation funds into the budget for unforeseen events, earmarking it for Komercbanka, but leaving the final decision up to the Finance Ministry. Now that the question ...

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