The International Rating Agency “Standard & Poor's” has raised long-term credit
rating of AS “Latvijas Krājbanka” from B to B+. Short-term credit rating has
been repeatedly affirmed at the level of B. The outlook is stable. 

In its report Standard & Poor's informs that rating upgrade reflects ongoing
and potential support to AS “Latvijas Krājbanka” it could receive from its main
shareholder - the Lithuanian Bank “AB Bankas “Snoras””.