CORRECTION: Press release:“Moody's Investors Service” affirmed the assigned ratings of JSC “NORVIK BANKA”

Moody's Investors Service has affirmed JSC “NORVIK BANKA” a D- bank financial
strength rating (BFSR), which translates into a baseline credit assessment of
Ba3; a long-term deposit rating of Ba3 and short-term deposit rating of
Not-Prime. The outlook on all ratings is stable 

The strengthes of the bank, specified in the report:
-	Strategic investors with banking expertise and contacts,
-	Implementation of a substantial reorganisation programme that addresses the
bank's previous weaknesses, 
-	Satisfactory capital adequacy,
-	Good asset quality.

"Affirmation of assigned ratings in conditions of global economic recession and
delay of growth of a national economy of Latvia is a good indicator, that
confirms the stability of the bank's positions", emphasized Valentina Keisha, a
member of the Board of NORVIK BANKA 

Marija Gulajeva
Head of Financial Institutions
JSC "NORVIK BANKA"
Tel +371 67011467