Revived Latvian bank to be traded again

TBT staff

RIGA - The quoting of shares in Pirma Banka on the Riga Stock Exchange is likely to begin in mid-December, the bank's president Hakan Kallaker told reporters Dec. 1. Pirma Banka is the only Latvian bank rehabilitated by the efforts of the central bank in 1999, and was then sold to the German investors. Until March 1999 shares in what was then Rigas Komercbanka were listed on the official list of the Riga Stock Exchange, but the listing was stopped after the bank was declared insolvent. Pirma Ban ...

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