It was announced this week that Latvia’s third largest bank, Hansabanka, has received permission from the Finance and Capital Market Commission council to increase its share capital by LVR 12 million. The capital increase operation will be carried out through a private placement of shares.
Source: Zephus
Hansabanka is the parent of Latvia’s largest factoring company, Hanza Lizings. The company has grown significantly since it began trading in 1998, as can be seen from the below table.
Factoring Turnover of Hanza Lizings (Estonian Kroons, 000)
| 1998 | 1999 | 2000 (9m) |
| 135,188 | 375,821 | 1,031,728 |
BCR Publishing
