Krajbanka asset search continues
Oct 31, 2012
By TBT Staff
RIGA - Latvijas Krajbanka, a Latvian bank that was seized by regulators last year, plans to sell part of its 185 million lats (264.2 million euros) credit portfolio in the first quarter, according to its administrator, KPMG, reports Bloomberg.
“The first round of due diligence has happened and we’ve received indications of interest,” Stephen Young, a senior partner at KPMG Baltics, said Oct. 17 in an interview in Riga. “We’d expect a reasonable proportion to be ...
The article you requested can be accessed only by subscribing to the online version of
The Baltic Times. If you are already subscribed to
The Baltic Times, please log on using the form on the top of the page. If you do not have a membership yet - please
subscribe