Regarding the transfer of information to the archives for storage

By the judgment of the Economic Affairs Court of 24 January 2024 in civil case No. C75007524 Baltic International Bank SE, reg. No. 40003127883, hereinafter – the Credit Institution, has been declared insolvent from 24 January 2024. Linda Sniega-Svilāne has been appointed as the insolvency process administrator, hereinafter – the Administrator.

In accordance with the first part of Article 161 of the Credit Institution Law after a credit institution has been declared insolvent, the administrator shall have all the duties, rights and powers of the administrative bodies and the heads of such bodies provided for in the laws and in the articles of association of the credit institution.

In addition, according to Article 98 of the Credit Institutions Law a credit institution shall prepare record-keeping documents and other documents, register, and store them in accordance with the documentation standard laid down in the State, and the Law on Archives, but in accordance with the third part of Article 4 of the Archives Law an authority has an obligation to agree upon records classification schemes, the types of records with archival value and their storage time periods for their storage, the reference systems, and also the deeds on the destruction of records prior to destruction of records with the National Archives of Latvia.

In view of the above, the Administrator informs that, in accordance with the instructions of the structural units of the National Archives of Latvia and their employees, the Credit Institution has prepared and submitted for storage in the archives a database of statements of the Credit Institution's customer transaction accounts and securities accounts for the period from 2009 to 2024, reflecting the movement of the Credit Institution's customers funds and financial instruments during that period.

Therefore, in order to obtain information about the movement of funds and financial instruments (account statements) of the Credit Institution's customers, a request must be submitted to the National Archives of Latvia at the following address: Šķūņu street 11, Riga, LV-1050; telephone +371 20027447; e-mail address: pasts@arhivi.gov.lv