CORRECTION: AS “Latvijas Krājbanka” attracts syndicated loan


AS “Latvijas Krājbanka” (hereinafter referred to as Latvijas Krājbanka) has
concluded the contract for receiving a syndicated loan. Total amount of the
syndicated loan comprises EUR 15 million (LVL 10,54 million). The funds are
allocated to the bank for 364 days, from the day the agreement is signed, the
loan interest rate comprises 1,2% + 3 M EURIBOR. 

The mandated lead arranger and agent of the syndicated loan is Bayerische
Landesbank, Germany. In total five credit institutions participated in the
transaction: Bayerische Landesbank, Raiffeisen Zentralbank Osterreich
Aktiengesellschaft, AS “Parex banka”, Salzburger Landes - Hypothekenbank AG and
VAS “Latvijas Hipotēku un zemes banka”. This is the first and, according to the
bank's estimate, a very successful Latvijas Krājbanka transaction on the
international syndicated lending market. 

Latvijas Krājbanka provides different financial services to individuals and
legal entities. Latvijas Krājbanka has the widest client service centre network
in Latvia. It is planned to use the attracted funds for the development of
further activity. 

Lauris Kupčs
AS "Latvijas Krājbanka"
Public relations officer
telephone  67068031
Lauris.Kupcs@lkb.lv


The reason for version Nr. 2 of the published statement: mistake in the text.