Riga, 2016-01-25 13:59 CET (GLOBE NEWSWIRE) --
Within the next month Trasta komercbanka will make public the information of its new investors, and on 10 March it will complete the 15 issue of shares thus increasing the bank's share capital by EUR 15 million.
Financial and Capital Market Commission (FCMC) decided to impose restrictions on the activities of the bank, forbidding it from performing debit transactions in any currency, including through online banking, ATMs and by cash in the amount that exceeds 100,000 euro per depositor.
The financial institution is working strenuously in order to remedy the shortcomings identified by FCMC; it fulfils all the FCMC requirements and operates in accordance with the legislation of Latvia. The Bank is a solvent entity that continues to provide customer service taking into account the FCMC restrictions which apply to amounts exceeding EUR 100,000.
The Bank would like to highlight that the restrictions are not applied to transactions with bonds in the secondary market. Besides, customers may freely funds acquired from bond trading with a value date from 23.01.2016 onwards.
Following the recommendations and requirements of the FCMC, the Bank has already significantly changed its internal structure, enhanced the control and AML mechanisms, improved the team and adopted a new business model. Although the process of changes takes time, TKB will apply best efforts to stabilize its operations.
The Bank has been working in the financial market for more than 25 years and has successfully gone through a number of financial crises. TKB is confident that will manage to recommence the operations of a successful company.
More details about the activities of the Bank are available on the Bank's website.
Elīna Bikuļča
Public Relations Specialist
Phone: +371 67027785
fax: 67027700
elina.bikulca@tkb.lv