Advertisement and Communications Department of NORVIK BANKA received following questions for BNS (Baltic News Service): “How the situation in Iceland affects the operations of Bank? Does the bank feel the influence form the events in Iceland? Does the NORVIK BANKA meet the problems through the main shareholder “Straumborg”?”

 

The answer of the Bank:

 

NORVIK BANKA is Latvian – Icelandic enterprise. The major part of Bank’s equity is held by the Icelandic entrepreneurs, but approximately 40% - by the Latvian entrepreneurs. Yet, NORVIK BANKA is self-sufficient company with attracted capital from Iceland, not the subsidiary company of some Icelandic enterprise. Accordingly, crisis, affected economics of Iceland, doesn’t make any threats on the stability and reliability of NORVIK BANKA.

Even more, NORVIK BANKA wasn't involved in any investments into securities of USA and Icelandic banks.

Advertisement and Communications Department

AS "NORVIK BANKA"

Tel +371 67011426