Source Pravda.Ru

Bank of Moscow Gets Permission to Buy Latvijas biznesa banka

Latvian Finance and Capital Commission permitted the Municipal Bank of Moscow to buy more than 50% of the shares of Latvijas biznesa banka, the Chairman of which informed a local news agency that the Bank of Moscow is a strategic investor that will own 99.54% of the Latvijas biznesa banka's capital. The Bank of Moscow has Moscow government as its main shareholder. Until now the 99.54% of the Latvijas biznesa banka's shares belonged to the Mosbusinessbank, the rest being owned by Latvian individuals.

The Latvijas biznesa banka's equity is $4.5 million, and according to the Latvian Banks Association, it was the bank No 21 out of the 23 banks operating in Latvia.

Comments
53 million Russians may lose their jobs within a few years
Russia mourns victims of Ilyushin Il-20 shootdown
53 million Russians may lose their jobs within a few years
NATO's 5,000 warplanes ready to bomb Russia, Chinese media say
The Globalization of the Law: A chimera
NATO's 5,000 warplanes ready to bomb Russia, Chinese media say
NATO's 5,000 warplanes ready to bomb Russia, Chinese media say
NATO's 5,000 warplanes ready to bomb Russia, Chinese media say
Russia sees Israel as enemy after Il-20 shootdown
Russia sees Israel as enemy after Il-20 shootdown
Former GRU officer exposes two Russian Salisbury spies
The Globalization of the Law: A chimera
Russia exposes audio recording proving Ukraine's implication in MH17 disaster
Russia exposes audio recording proving Ukraine's implication in MH17 disaster
Kremlin refuses to announce Russia's further steps against Israel over Il-20 shootdown
Kremlin refuses to announce Russia's further steps against Israel over Il-20 shootdown
Israel's Netanyahu calls Putin, blames Syria for Il-20 crash
Israel's Netanyahu calls Putin, blames Syria for Il-20 crash
Russia sees Israel as enemy after Il-20 shootdown
Israel's Netanyahu calls Putin, blames Syria for Il-20 crash
How Russia can respond to Israel following Ilyushin Il20 shootdown