Administrator of Latvijas Krajbanka recovers EUR 3,100 in May

• Published date: 19 July 2022
• Publication title: LETA

RIGA, July 19 (LETA) - The insolvency administrator of the to-be-liquidated Latvijas Krajbanka recovered EUR 3,136 in June 2022, which is 14 percent less than a month before when the administrator recovered EUR 3,647, according to a report published in the official gazette Latvijas Vestnesis.

In June 2022, all of the funds were recovered from loans issued by the bank.

Thus, in the first six months of this year, the administrator recovered EUR 90,813 of the bank's funds.

The costs of the Latvijas Krajbanka insolvency procedure totaled EUR 50,455 in June 2022.

The bank's debt to the Deposit Guarantee Fund stood at EUR 167.426 million in late June, unchanged from the end of 2021.

Other creditors' claims to the bank totaled EUR 263.845 million, also unchanged from the end of 2021.

Latvijas Krajbanka's assets were worth EUR 3.758 million at the end of June.

The bank's capital...