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2009 was a year of severe economic crisis in Latvia, with a sharp drop in GDP, exports and imports, and sharp declines in construction, retail, manufacturing and other sectors of the economy. In 2009, Latvijas Krājbanka's turnover was LVL 34.6 million, with a loss of LVL 1.9 million. Later that year,
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In
November 2011, the bank was taken over by the Latvian government and liquidated due to bankruptcy of Snoras. In May 2012 the bank lost its banking license. Antonov was accused of fraud and misappropriation of US$ 290 million. In August 2012 Antonov was sentenced to six years and another board
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member Ivars Priedītis to five years in prison. Assets were also seized from both
Antonov and Priedītis. A total of EUR 6.1 million was not withdrawn by clients from the banks accounts before the end of the guaranteed remuneration.
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In 2010, the improvement of the
Latvian economy also affected the performance of the banking sector. Savings Bank continued its activities and development, including supporting important cultural events.
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The privatisation process of the bank was initiated in 1997 and concluded in 2003. The main shareholders were
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with a loss of 1.9 million lats. The bank had 941 employees and 155 customer service centres in Latvia.
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356:. Following the regained Latvian independence, it was re-formed under the name Latvijas Krājbanka.
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707:"Bijušajiem "Krājbankas" vadītājiem Antonovam un Priedītim piespriež cietumsodu un konfiscē mantu"
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the bank celebrated its 85th anniversary and Ivars Priedītis took over as
Chairman of the Board.
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Please help update this article to reflect recent events or newly available information.
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State-Owned Banks in the
Transition: Origins, Evolution, and Policy Responses
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371:. In 2009, Latvijas Krājbanka had a turnover revenue of 34.6 million
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732:"Likvidējamajā "Latvijas krājbankā" "atstāj" 6,1 miljonu eiro"
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683:"Former Latvijas Krājbanka board members get prison sentence"
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Khaled Sherif, Michael Borish, & Alexandra Gross (2003),
540:. nasdacomxbaltic.com. 2010-03-12. p. 25. Archived from
430:. nasdacomxbaltic.com. 2010-03-12. p. 13. Archived from
506:. nasdacomxbaltic.com. 2010-03-12. p. 9. Archived from
470:. nasdacomxbaltic.com. 2010-03-12. p. 6. Archived from
535:"AS Latvijas Krajbanka Consolidated Annual Report for 2009"
501:"AS Latvijas Krajbanka Consolidated Annual Report for 2009"
465:"AS Latvijas Krajbanka Consolidated Annual Report for 2009"
425:"AS Latvijas Krajbanka Consolidated Annual Report for 2009"
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Latvia Says
Antonov Owes $ 290 Million in Krajbanka Funds
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This
European bank or insurance-related article is a
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648:"Latvijas Krājbanka appeal case gets underway"
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584:: CS1 maint: multiple names: authors list (
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993:1924 establishments in Latvia
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16:Company based in Riga, Latvia
988:Banks disestablished in 2011
926:. You can help Knowledge by
873:. You can help Knowledge by
600:"About the Bank; 1994-2005"
574:, Washington DC: World Bank
118:Latvian Postal Savings Bank
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402:Lietuvõs Taũpomasis Bánkas
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821:Latvian Shipping Company
354:Savings Bank of the USSR
978:Companies based in Riga
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1013:Latvian company stubs
1008:Postal savings system
183:Raimondas Baranauskas
602:. Latvijas Krājbanka
302:Latvian Savings Bank
1018:European bank stubs
346:postal savings bank
311:bank listed on the
265:Number of employees
162:155 service centres
158:Number of locations
74:Joint stock company
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289:Latvijas Krājbanka
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134:In liquidation
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213:34.6 million
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44:December 2011
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928:expanding it
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740:. Retrieved
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713:(in Latvian)
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373:Latvian lats
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348:. Under the
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236:1.9 million
139:Headquarters
70:Company type
41:
33:
831:SAF Tehnika
624:"Par banku"
350:Latvian SSR
248:Bank Snoras
168:Area served
115:Predecessor
967:Categories
742:2024-07-09
717:2024-07-09
692:2024-07-09
657:2024-07-09
633:2023-06-15
628:www.lkb.lv
606:2010-11-01
551:2010-11-01
517:2010-11-01
481:2010-11-01
441:2010-11-01
408:References
361:Lithuanian
223:Net income
178:Key people
826:Olainfarm
82:Traded as
806:Grindeks
580:citation
391:See also
335:Overview
307:) was a
258:(31.96%)
188:Chairman
105:Industry
327::
319::
309:Latvian
296:
277:Website
251:(53.2%)
207:Revenue
123:Founded
109:Banking
97::
90::
34:updated
795:Latvia
687:lsm.lv
652:lsm.lv
365:Snoras
363:based
281:lkb.lv
271:(2009)
238:(2009)
215:(2009)
172:Latvia
150:Latvia
736:LA.LV
711:LA.LV
572:(PDF)
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468:(PDF)
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329:LKB2R
321:LKB1R
244:Owner
99:LKB2R
92:LKB1R
924:stub
871:stub
586:link
331:).
293:lit.
269:941
144:Riga
131:Fate
126:1924
841:VEF
234:LVL
211:LVL
199:CEO
969::
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