Banks, Financial Services, Latvia, Lithuania
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First Snoras bank branch to open up in Latvia in June
Nina Kolyako, BC, Riga, 28.05.2010.
Print version
Print versionOn June 3, Lithuanian commercial bank AB Bankas Snoras (Snoras), which is the largest shareholder in Latvian bank Latvijas Krajbanka, will open its first branch in Latvia, the business information portal Nozare.lv has found out.
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The Snoras bank branch will be located on Krisjana Barona Street 13/15 in downtown Riga, and will employ approximately six to seven persons, the bank's spokesman Dominik Mertins told Nozare.lv.
Snoras is one of the biggest banks in Lithuania, which also has a bank branch in Estonia.
As reported, Snoras owns 85.07% of Latvijas Krajbanka shares, informs LETA.
Snoras posted LVL 1.7 million in profit last year.
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