OREANDA-NEWS. January 11, 2007. JSC “NORVIK BANKA” has increased its fixed capital by 10 million lats and now the fixed capital of the bank is LVL 40 499 928. The new issue shares were purchased by the current shareholders of the bank, reported the press-centre of NORVIK BANKA.

The fixed capital of the bank has been increased with the purpose to find funds for development of investment and deposit programmes offered by NORVIK BANKA.

Andrejs Svirchenkovs, Chairman of the Board of JSC “NORVIK BANKA”, says, „During this year the Bank has consolidated its position in the international financial services market. Moody's Investors Service has assigned new ratings to NORVIK BANKA - the outlook on all ratings is stable. The bank has signed several international loan agreements, which may be regarded as clear evidence of growing investor confidence.

In the next year the work on the development and expansion of deposit and investment programmes will proceed. Our clients know that their funds in NORVIK BANKA are safe and work efficiently. That is why our duty is to do our utmost to justify their trust in NORVIK BANKA also in the next year.”