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Considering the decision of Lithuanian Central bank that was taken in the evening of November 24 to liquidate the nationalized bank Snoras, Prime Minister of Latvia Valdis Dombrovskis has postponed today’s visit to Lithuania where a meeting with Prime Minister of Lithuania Andrius Kubilius was scheduled.
This morning both Prime Ministers conversed over the telephone to discuss present situation concerning Snoras and Latvijas Krājbanka. Lithuanian Prime Minister informed Latvian colleague about the reasons for Central bank's decision. One of the main reasons is the deficit of large amounts of finances in bank. Latvian Prime Minister expressed his regret that in the light of the new information about bank’s actual situation Lithuanian institutions were not able to find a solution to stabilize bank Snoras.
V.Dombrovskis also informed his Lithuanian colleague about postponing today’s visit until mid-December and staying in Latvia to address the situation with Latvijas Krājbanka.
Today (10.00) Prime Minister Dombrovskis has called for an operative meeting of government ministers, regulators of financial sector and law enforcement institutions to arrange a plan of action and discuss propositions of Finance and Capital Market Commission and Bank of Latvia concerning protection of Latvijas Krājbanka client's interests and state interests. A photo and TV opportunity is planned at the beginning of the meeting (Prime Ministers` hall, 3rd floor of the Cabinet of Ministers). After the meeting a media briefing is planned.
On November 25 a visit of Prime Minister of Latvia, Head of Finance and Capital Market Commission as well as representatives from Bank of Latvia Ministry of Economics and Ministry of Foreign Affairs was scheduled to the Lithuanian town Vysaginas to meet Prime Minister Andrius Kubilius and Lithuanian delegation. The purpose of the visit was to discuss possible solutions to stabilize financial sectors of Lithuania and Latvia concerning bank Snoras and Latvijas Krājbanka, as well as cooperation among the two countries in energy projects, particularly the construction of Vysaginas nuclear power plant.
Supplementary information:
Mārtiņš Panke
Press Secretary to the Prime Minister
Phone.: +371 67082865 / +371 26556965
E-mail: Martins.Panke@mk.gov.lv
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