Administrator: Sworn Advocate and administrator Armands Rasa
Address: Kr. Valdemāra iela 33-35, Rīga, LV-1010
Put into liquidation by the 14 March 2016 ruling of the Riga District Court.
Licence for credit institution operations withdrawn on 03.03.2016. by decision of European Central Bank. On 19.06.2017. Riga District Court has dismissid Ilmārs Krūms as previous administrator of the Bank and has appointed a new administrator – Armands Rasa.
In order to become a participant of Latvian financial and capital markets and commence business activities, a credit institution, an insurance company, a reinsurance company, an insurance broker, a credit union, an investment management company, an investment firm, an operator of regulated market, a pension fund, a payment institution, an electronic money institution, as well as an alternative investment fund manager shall obtain operating authorisation (licence).