OREANDA-NEWS. May 28, 2010. Parex banka has increased the equity capital of its subsidiary, Parex lizings un faktorings (Parex leasing and factoring), by 9.2 million Lats, thus confirming that provision of leasing and factoring services will be an important part of bank's future strategy. Increase of the enterprise's equity capital was registered in the Commercial Register, reported the press-centre of Parex banka.

The equity capital of Parex lizings un faktorings is now 9.4 million Lats. This enables the enterprise to operate in accordance with its establishment purpose – provision of leasing and factoring services which creates an opportunity for it to implement business ideas and contribute to the recovery of Latvian economy. This also enables private individuals to purchase motor vehicles corresponding to their income level.

Parex lizings un faktorings is a subsidiary of Parex banka. Since March 1, 2006, the enterprise offers a full spectrum of leasing services in the Latvian market. Starting from September 15, 2009 onwards, Valdis Strupcenko has acquired the position of the Chairman of the Board of the bank's subsidiary.