EBRD considers stake in Latvia’s Parex Bank

Article reports that the European Bank for Reconstruction and Development will consider investing into Parex Banka, the second largest Latvian bank, whose liquidity crisis forced the government to seek IMF assistance in November 2008.

European Commission: Press Release: IP/09/18: Commission asks Council to provide a medium-term loan to Latvia as part of coordinated multilateral and bilateral financial assistance http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/18&format=PDF&aged=0&language=EN&guiLanguage=en

ESO: Background information: Latvia to receive central bank help http://www.europeansources.info/record/latvia-to-receive-central-bank-help/

European Bank for Reconstruction and Development http://www.ebrd.com/

---