OREANDA-NEWS. On January 19, 2009 Parex banka and Mortgage Bank signed an agreement to unify the ATM service networks of both banks. As a result of the closed agreement the common network comprises 202 ATMs, reported the press-centre of Parex banka.

Parex banka has already joined a common ATM service network with GE Money Bank and Latvian Savings Bank. Under this alliance the customers of respective banks using Parex banka’s ATMs for money withdrawals are not charged additional commission. The same conditions apply to the customers of Mortgage Bank withdrawing money at the ATMs of Latvian Savings Bank, Rietumu Bank and SEB, and to the customers of latter banks withdrawing money at Mortgage Bank’s ATMs.

All cash withdrawal mashines of Parex banka and Mortgage Bank are a subject of the agreement signed by both banks. However, cash deposits into customer’s account will be allowed only at the cash machines of the account bank. Currently, Parex banka has 10 cash deposit machines operating in the largest shopping malls and the Bank’s customer service centers.

“Within the newly formed structure we are jointly looking for the course of collaboration that would provide additional opportunities to our clients. Cooperation in the area of payment cards and unification of the ATM service network, increasing the efficiency of both banks, is the first step,” considers Guntis Belavskis, the Senior Vice President and Member of Parex banka’s Board.

Deputy Chairman of Mortgage Bank and a Member of Parex banka’s Council Rolands Panko says, that “this opportunity was used to improve the customer service, as well as to cut the payment card service expenses.”

The ATMs of Parex banka are concentrated in Riga and other major cities. Most of the Mortgage Bank’s ATMs are located in the regions, district centers and rural municipalities.