Rigas Komercbanka's rehab on track

  • 1999-09-16
RIGA (BNS) - All agreements with participants to Rigas Komercbanka's rehabilitation plan were signed Sept. 14, the bank's administrator Gundars Cers said.The bank's public relations office distributed the statement that all agreements were signed shortly after 5:30 p.m., but it was premature as the signing was then still going on and has been completed only now.Signing of the contracts puts Komercbanka's capital above 6.3 million lats ($10.86 million), which was the minimum level required by the Bank of Latvia.The bank's administrator will before the end of this week or next week file to th...
 
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