| Emitents | Reverta, AS (iepriekšējais nosaukums - Parex banka, AS) (097900BHBR0000064855) |
| Veids | Citi |
| Valoda | EN |
| Statuss | Publicēts |
| Versija | |
| Datums | 2009-07-31 18:17:36 |
| Versijas komentārs | |
| Teksts |
On 30 July 2009, international rating agency Moody’s Investors Service has approved Parex banka’s long-term rating at the previous level with a stable outlook; thus, accomplishing the investigation process launched by Moody’s in December 2008 with an initial assumption of a potential downgrade.
In its credit opinion Moody’s discussed Parex banka’s improved capital base and the new shareholder structure, as well as further support from the new shareholders, including the European Bank for Reconstruction and Development (the EBRD). Moody’s also approved the previously assigned financial strength rating – E, with a stable outlook and short-term rating Not-Prime.
The rating agency positively notes the accomplishments of the Bank in the stabilization process following the turbulences experienced in the fall of 2008, its cost optimisation efforts, as well as the participation of the EBRD in the Bank’s shareholder structure. Additionally, Moody’s strongly approves the state support to the Bank.
Commenting the statement, Head of Parex banka’s Finance and Treasury Sector Roberts Stuģis said: “We are pleased to receive a positive evaluation of our accomplishments from internationally recognized experts and agree with Moody’s that the current complicated economic situation has its effect on the Bank’s performance. However, the cost optimisation and fundamental reorganization will facilitate the Bank’s efforts to successfully overcome the economic breakdown, as well as restore profitability and ensure the repayment of state support funds in the shortest possible time.”
About Parex banka:
Founded in 1992, Parex banka offers universal banking services throughout the Baltic region, the CIS and other European nations such as Germany, Switzerland and Sweden. Parex Group companies operate across the banking, finance, leasing, asset management and life insurance sectors. Parex banka is the only partner of American Express in Latvia and Lithuania, allowed to issue American Express credit cards. Currently, the Latvian Privatisation Agency is the majority shareholder of Parex banka, holding 95,3% of the Bank’s shares.
Additional information:
Inga Saleniece
Corporate Communications and PR
Parex banka
Ph: 6777 8870 vai 2 6564629
E-mail: pr@parex.lv |
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