bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Ceturtdiena 21.08.2014 | Name days: Linda, Janīna
LatviaLatvia

SMP Bank in Latvia will not be affected by U.S. sanctions

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUBy handing over the controlling package of shares of the Russian Severniy Morskoy Putj Bank to residents of the Republic of Latvia, SMP Bank has managed to avoid sanctions imposed by USA.

According to the bank’s statement in the regard to the sanctions USA imposed against several officials and companies of the Russian Federation on April 28th, Severniy Morskoy Put registered in Russia is not the holder of the controlling package of shares in the Latvian SMP Bank, because as a result of last week’s deal, the controlling package of shares now belongs to a group of minority shareholders. All of them are residents of the Republic of Latvia.

With that, SMP Bank’s management has all the reasons to believe American sanctions will not apply to SMP Bank.

The bank is currently engaged in its day-to-day activities in its regular mode. The bank is fully capable of providing quality service to its clients.

It was previously reported that the Financial Capital and Market Commission had received information that the total number of shares in SMP Bank owned by Severniy Morskoy Put reduced to 49% on April 24th.

Multiple residents of Latvia are the ones who received the shares in SMP Bank. They are management representatives in SMP Bank, and they have increased the number of shares they own. It is reported that shares of each of them have not increased by more than 10%. There is no need for FCMC to issue a specific permission for this deal.

This March, Chairman of SMP Bank Arkady Rotenberg was added to the list of U.S. sanctions against Russia. The same applies to SMP Bank co-owner Boris Rotenberg. Arkady and Boris Rotenberg are both Council members in Latvia’s SMP Bank.

Ref: 103.109.109.5757


Leave a reply

  1. Mike Walsh says:

    What happened to my expressed opinion?

    Thumb up 0 Thumb down 0

  2. Josh says:

    I guess the editors think like I do that you are most likely paid by who knows who!! to write radically “expressed” comments that totally slam the western world. I think you are a most likely a professional blogger who comments on anti-western propaganda on all news and media sites. To be honest its people like you who make this world a dangerous place, anyone with a sense of common sense will understand exactly what you are trying to achieve. Wake up for Gods sake and take a good look at yourself.

    Thumb up 0 Thumb down 0

    • jj says:

      Well he does have a Russian language website published from Spain – its obvious where the money comes from :-)

      Thumb up 0 Thumb down 0

  3. Michelle says:

    Interesting how quickly this significant change in ownership was able to take place. Would like to see some legal documentation verifying this occurred as opposed to a press release.

    Thumb up 0 Thumb down 0

Latvian State Audit promises to publish «shocking results of audits in municipalities»

Approximately two months from now, Latvian State Audit plans to publish what it calls «shocking results of audits performed in Latvian municipalities», said the head of SA Elita Krūmiņa mentioned in her interview to Latvijas Radio.

Lithuanians tout state jobs, but snub any exclusivity in the hiring

If one is looking for a white-collar job in Lithuania, it has to be preferably in state sector. Only a mere 2 percent of Lithuanians believe that work in private and state sectors is tantamount, while a whopping 50 percent noted that civil office workers are better socially protected, therefore nailing a job in state sector is much harder.

July: producer prices in industry rises 0.7% in Latvia

In July, compared to July of the previous year, the overall level of producer prices in the Latvian industry increased by 0.7%.

Excluded Liepājas metalurgs investors – Lipman and some Western company

Businessman Kirov Lipman is one of two potential buyers for the bankrupt Liepājas metalurgs company with whom talks regarding the company’s purchase have been discontinued, admits Lipman. The other excluded potential investor is some Western company, says LM insolvency administrator Haralds Velmers.

Another criminal process is launched against Aivars Lembergs

Authorities have launched yet another criminal process against the criminally accused Mayor of Ventspils Aivars Lembergs for stating false information in a state official’s declaration.

Stream Networks acquires Latnet

One of the pioneers of Latvian internet – Latnet – has merged with telecommunications and IT outsourcing company Stream Networks as part of a deal that will result in the formation of the second largest telecommunications service provider in the county’s corporate segment, as mentioned in the announcement released by both companies this Thursday.

Gaidis Bērziņš is approved as Latvian Justice Minister

This Thursday, August 21st, the Saeima expressed its trust in now the Latvian Justice Minister Gaidis Bērziņš.

Latvia celebrates 23rd anniversary of de facto restoration of independence

August 21st, marks 23 years since the Supreme Council of the Republic of Latvia adopted the constitutional law on the governmental status of the Republic of Latvia. With that, ended the Declaration «On the Restoration of Independence of the Republic of Latvia» and its established transition period for the restoration of independence.

For Brazil's presidential election, environmentalist chosen to replace late candidate

In Brazil on August 20, the Socialist Party officially named Marina Silva, an acclaimed environmental activist, as the new candidate for the October 5 presidential elections.

Russia-Ukraine conflict reduces Carlsberg's sales

Danish beer producer Carlsberg this spring and summer is facing significant fall in sales in Russia and Ukraine.

State Auditor: situation at Riga Freeport is dreadful and adoption of our recommendations is slow

Latvian State Auditor Elita Krūmiņa believes the situation at Riga Freeport in regard to misuse of financial resources has not changed at all. She believes this is because both the Board of Riga Freeport and Transport Ministry lack the will to change anything.

Baltic Way celebrates its 25th birthday

On August 22nd, on the 25th kilometre of Bauska highway, near the bridge over Kekava River, Latvian Prime Minister Laimdota Straujuma and original Baltic Way participant Uldis Birzleja of Latvijas Valsts ceļi will hold a ceremony for the opening of a memorial sign dedicated to the 25th anniversary of the Baltic Way.

Eurostat: construction in the EU declines by 0.5% in June

Construction volumes in the European Union reduced by 0.5% this June, compared to the same months of 2013, according to data compiled by Eurostat.

Number of births on a rise in Latvia

During the seven months of this year 12 488 newborns were registered in the country, which is 554 babies more than in the first seven months of last year.

Second attempt to build «ice wall» around Fukushima reactors unlikely to solve problem

After the failed first attempt to build an «ice wall» for stopping massive radioactive leaks from Fukushima power plant, it seems unlikely that the second attempt will stop the ongoing natural disaster of the Pacific Ocean.

BATL: the government must provide transparent and controlled management over freeports

Baltic Association Transport and Logistics has turned to state officials and Latvian MEPs with a request to immediately turn attention towards making sure proper management is provided to the segment of Latvia’s transit corridor, Boards of Riga and Ventspils Freeports and their decisions.

Opening of Riga Concert Hall is one month away

One month from now – September 20th – Riga Concert Hall will open its doors in the Latvian Academy of Sciences with a colourful concert, as BNN was informed by the concert hall’s representative Juris Millers.

Microsoft's longstanding CEO leaves company's board

Six months after stepping down from the post of Microsoft's CEO, Steve Ballmer has also left the board of the U.S. information technology company.

Victims want all structures to be demolished at Zolitude Maxima’s ruins

Victims of Zolitude tragedy believe that all structures at the ruins, including the 12-storey apartment building, must be demolished and a memorial erected in their place, as representative of Zolitude 21/11 association Regīna Ločmele told journalists this Tuesday.

Straujuma: Latvia will benefit from EU assistance in the embargo matter

Latvian Prime Minister Laimdota Straujuma denies fears that Latvia will not benefit much from the support to farmers agreed upon by the European Commission in relation to Russian sanctions.

«Islamic State» releases video of beheading of U.S. journalist

Militant group «Islamic State», which has proclaimed a caliphate in parts of Syria and Iraq, has published a video online with footage of the beheading of a U.S. journalist.

Ukrainian forces engage in street battles in Luhansk; Putin to meet with Poroshenko

In the strategic eastern Ukrainian city of Luhansk, street battles are taking place. Meanwhile, Russian and Ukrainian presidents are to meet.

Food producers affected by Russian embargo will be partially relieved of interest rates

In order to provide support to food producers who were impacted by Russian embargo on food products, the Latvian government has decided to create an additional financial instrument by means of a partial interest rate redemption programme.

State Audit: rent of Interior Ministry’s owned property in Jurmala seems suspicious

It its organization of auctions of real estate properties in Jurmala, Latvian Provision State Agency did not act economically with state properties and gave preference to a single candidate. On top of that, rent conditions had been changed multiple times, as it has been uncovered by State Audit.

Video: Your dog needs massage?

Does your dog suffer from the stressful modern way of life? Does your pet feel overly alert? Does it bark too much and disturb your good night sleep?

Newest comments