| Emitents | Reverta, AS (iepriekšējais nosaukums - Parex banka, AS) (097900BHBR0000064855) |
| Veids | Citi |
| Valoda | EN |
| Statuss | Publicēts |
| Versija | |
| Datums | 2009-12-22 17:41:15 |
| Versijas komentārs | |
| Teksts |
The international Fitch Ratings company has reaffirmed the ratings of Parex banka. The long-term rating of bank is at “RD” level, the short-term rating is at “RD”, the individual rating is at “F” level, and the support rating is at the level of “5”. The affirmation of the rating reflects
the extension of deposit restrictions imposed on the bank by
the Latvian banking regulator. At the same time, the
agency notes that the restrictions, which were imposed on the bank
in December 2008, gradually have been softened, as well as
considerable reduction in the amount of the restricted
funds.
Fitch Ratings considers as positive
the government support provided to the bank, as well as the fact
that the European Bank for Reconstruction and Development
has become a shareholder of the bank. The agency also notes
that the bank’s operations are affected by losses, the quality of
assets, the need for additional capital, and deleveraging and
decline in non-resident deposits. At the same time, deposits
made by residents are deemed to be more stable. Although remains
weak, the bank’s liquidity continues to improve.
Upward pressure on the long-term
rating could arise from removal of deposit restriction
and/or from successful restructuring of Parex
banka.
About Parex banka:
Founded in 1992, Parex banka currently employs
some 1 900 people at branches all over Latvia and 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 has
signed up to the European Code of Conduct on housing
loans.
For more information:
Inga Saleniece, acting director
Corporate Communications Department
Telephone: +371 67778870 or +371 26564629
E-mail: pr@parex.lv
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