OREANDA-NEWS  On 10 September Parex Bank announced that it is increasing its presence in Sweden with the opening of its third office – this time in Gothenburg and starts cooperation with Ostersjofonden with Charity deposit campaign.

“In 2006 Parex Bank started its business activities in Sweden with a first branch in Stockholm. Last year a sub-branch in Malmo followed. Today we are opening our third office in the largest seaport of the Nordic countries – Gothenburg. In general Parex Bank views the region of Baltic Sea as its natural region for expansion and our latest achievements are the best proofs – the markets of Lithuania, Estonia, Sweden and Germany now play as significant role in the development of the bank as its own domestic market of Latvia. The membership of Latvia in EU brings new challenges and new business horizons and we would like to use these opportunities in full”, states Mr.Peteris Pildegovics, Vice president, Customer Service, Institutional and Private Banking Clients, Foreign branches, Parex banka.

The current business development states that the company is here on the right path. “Our attractive and highly competitive savings products with a high interest rate have been a success and we have seen an increase in the number of customers in both Stockholm and Malmo. As well customers from Gothenburg have already showed an interest in our products. Therefore an establishment in Gothenburg feels like a natural step forward. We want to be able to present our generous offer also to private savers in the Vastra Gotaland region as well”, says Evita Kezbere, Managing Director of Parex Bank in Sweden, at the opening event. “Moreover we are happy to announce our cooperation with Ostersjofonden and our Charity deposit campaign to save the Baltic Sea. We feel responsible for keeping the Sea alive for our children. Therefore for every deposit which will be deposited at Parex bank in Sweden during September 9, 2008 to December 24, 2008 Parex Bank will donate to Ostersjofonden 100 SEK from its own pocket for the project Save the Baltic Sea. Besides every depositor will get the extra bonus interest rate +0,05% above the current interest rate as gratitude for help,” adds E.Kezbere.

The official opening of Parex Bank's new office was honoured by participation of Mayor and Chairman of the City Executive Board Mr. Goran Johansson and Latvia's ambassador to Sweden Mrs. Elita Kuzma. Mr. Goran Johansson formally inaugurated Parex Bank's third office in Sweden by cutting the ribbon together with Gothenburg sub-branch manager Mr. Anders Langhard.

Parex bank has become known as the bank that offers one of the best interest rates on the Swedish market. For now Parex bank has offices in Stockholm, Malmo and Gothenburg and due to further expansion plans in Sweden bank is developing into a full service bank when it will join the clearing system and adopt full service Internet bank. Parex Bank is also looking over the possibilities of offering lending. At the same time the number of products and services has increased after customer demand.