Latvijas Krājbanka (lit. 'Latvian Savings Bank') was a Latvian bank listed on the Riga OMX exchange.
Overview
Pasta krājkase was originally founded in 1924 as the Latvian postal savings bank. Under the Latvian SSR, it was integrated into the Savings Bank of the USSR. Following the regained Latvian independence, it was re-formed under the name Latvijas Krājbanka.[5]
The privatisation process of the bank was initiated in 1997 and concluded in 2003.[6] The main shareholders were Lithuanian based Snoras banking group and the Russian businessman Vladimir Antonov.[2] In 2009, Latvijas Krājbanka had a turnover revenue of 34.6 million Latvian lats with a loss of 1.9 million lats.[3]