OREANDA-NEWS. On January 18, 2007 Maris Salzirnis has been appointed as the new Chairman of the Board of Parex Leasing and Factoring Ltd (PLF), reported the press-centre of Parex.

Mr Salzirnis has highlighted market share growth for PLF in the domestic car-leasing sector as a key objective for the Company as well as service developments in the Latvian regions, utilising the Parex banka branch network.

“In my opinion, Parex leasing has the advantage of foreign branch location, especially in Germany and Sweden, which allows us to offer our leasing services beyond the limits of Latvia. Under the former Chairman, Ilze Zoltnere, PLF has, over the past two years, become a significant player in the local market. Over the next few years we plan to build on this with considerable growth in both, car and industrial leasing”, - said Maris Salzirnis, sharing his future views.

Previously Maris Salzirnis was the Juridical Director of Unilizings Ltd. He was also Head of Internal Audit Control and Corruption Prevention Division Head at the Road Traffic Safety Department (CSDD). Mr Salzirnis obtained a bachelor's degree in Law from the University of Latvia, and a master's degree in Business Management from Turiba University.

Ilze Zoltnere, the previous head of PLF, has taken up a new challenge in the sector of telecommunications.

About Parex Leasing and Factoring
Parex Leasing and Factoring Ltd is a subsidiary of Parex banka, offering a full range of leasing services in the Latvian market since 6 March 2006. According to the data from Association of Leasing Providers, currently the overall PLF portfolio comprises LVL 89.9 mln. In addition, the share of new leasing sales comprised LVL 74,6 mln as at end of December 2007. The total number of leasing objects at the end of 2007 was 5714. Presently, PLF customers are being served by 45 highly qualified leasing specialists. In Riga PLF customers are welcome in our office in Brivibas gatve 224/5.