Baltic International Bank Successfully Finalises Capital Increase

News - January 13, 2010

Baltic International Bank is pleased to announce the successful increase of its share capital through issuing additional shares for a total value of LVL 7.9 million. The bank launched the capital increase on 30 August 2009 and finalised the transaction on 30 December 2009. As a result of the increase, the bank’s total share capital now amounts to LVL 15.5 million.  

“The capital increase will enable us to boost our business volumes. Under the present circumstances, there appears a good potential for further development. In 2010, we will continue to invest in business technologies and to widen the array of financial products and services that we offer affluent families in order to best meet their personal and business needs,” says Ilona Gulchak, Chairperson of the Board. 

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