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- Parex_Bank abstract "Parex Banka was founded in 1992 by Valery Kargin and Viktor Krasovickis as a privately owned full-service banking company in Riga, Latvia. Its services were marketed both locally and to international clients in both the West and Russia.Much of Parex's lending took place within the Baltic states, leaving it relatively insulated from the 1998 Russian financial crisis. The years immediately after Estonia, Latvia, and Lithuania joined the European Union in 2004 brought an influx of foreign investment, leading to an overheated economy, unsustainable economic growth and a real estate bubble which burst during the financial crisis of 2007–2010. The September 15, 2008 failure of US bank Lehman Brothers led to a sharp drop in liquidity and international investors began to withdraw assets.51% majority control of Parex was purchased from the two founders by the Latvian government on November 8, 2008 for a token consideration of 2 Latvian lats. The government later enlarged its stake in Parex by buying out other stockholders for a token €0.01/share, then split the institution into good and bad banks: Citadele banka was spun off on August 1, 2010 as a good bank The remaining troubled assets remained with Parex Banka, which became asset management company Reverta in 2012.The total direct and indirect cost to the Latvian government is estimated at more than a billion dollars, making it a factor in a 2008–2010 Latvian financial crisis which forced the state to borrow money from the International Monetary Fund and the European Commission to cover a balance of payments deficit.".
- Parex_Bank wikiPageExternalLink parex-bankas-parnemsana.
- Parex_Bank wikiPageExternalLink www.citadele.lv.
- Parex_Bank wikiPageExternalLink parex-bankas-krahs.
- Parex_Bank wikiPageExternalLink kas_notiek_valsts_noslepuma_aizsega.
- Parex_Bank wikiPageExternalLink parex_bankas_sarakste_atklaj_bankas_slepto_zinu_apjomu.
- Parex_Bank wikiPageExternalLink www.reverta.lv.
- Parex_Bank wikiPageID "40728125".
- Parex_Bank wikiPageLength "2887".
- Parex_Bank wikiPageOutDegree "23".
- Parex_Bank wikiPageRevisionID "706264414".
- Parex_Bank wikiPageWikiLink 1998_Russian_financial_crisis.
- Parex_Bank wikiPageWikiLink 2008_Latvian_financial_crisis.
- Parex_Bank wikiPageWikiLink Austerity.
- Parex_Bank wikiPageWikiLink Bad_bank.
- Parex_Bank wikiPageWikiLink Baltic_states.
- Parex_Bank wikiPageWikiLink Baltic_states_housing_bubble.
- Parex_Bank wikiPageWikiLink Category:2010_disestablishments_in_Latvia.
- Parex_Bank wikiPageWikiLink Category:Banks_established_in_1992.
- Parex_Bank wikiPageWikiLink Category:Banks_of_Latvia.
- Parex_Bank wikiPageWikiLink Citadele_Banka.
- Parex_Bank wikiPageWikiLink European_Commission.
- Parex_Bank wikiPageWikiLink European_Union.
- Parex_Bank wikiPageWikiLink Financial_crisis_of_2007–08.
- Parex_Bank wikiPageWikiLink International_Monetary_Fund.
- Parex_Bank wikiPageWikiLink Latvia.
- Parex_Bank wikiPageWikiLink Latvian_lats.
- Parex_Bank wikiPageWikiLink Lehman_Brothers.
- Parex_Bank wikiPageWikiLink Reverta.
- Parex_Bank wikiPageWikiLink Riga.
- Parex_Bank wikiPageWikiLink Russia.
- Parex_Bank wikiPageWikiLink Valērijs_Kargins.
- Parex_Bank wikiPageWikiLinkText "Parex Bank".
- Parex_Bank wikiPageWikiLinkText "Parex".
- Parex_Bank wikiPageUsesTemplate Template:2008_economic_crisis.
- Parex_Bank wikiPageUsesTemplate Template:Citation_needed.
- Parex_Bank wikiPageUsesTemplate Template:Europe-bank-stub.
- Parex_Bank wikiPageUsesTemplate Template:Expand_Latvian.
- Parex_Bank wikiPageUsesTemplate Template:Latvia-company-stub.
- Parex_Bank wikiPageUsesTemplate Template:Reflist.
- Parex_Bank subject Category:2010_disestablishments_in_Latvia.
- Parex_Bank subject Category:Banks_established_in_1992.
- Parex_Bank subject Category:Banks_of_Latvia.
- Parex_Bank type Bank.
- Parex_Bank type Company.
- Parex_Bank type Bank.
- Parex_Bank type Company.
- Parex_Bank comment "Parex Banka was founded in 1992 by Valery Kargin and Viktor Krasovickis as a privately owned full-service banking company in Riga, Latvia. Its services were marketed both locally and to international clients in both the West and Russia.Much of Parex's lending took place within the Baltic states, leaving it relatively insulated from the 1998 Russian financial crisis.".
- Parex_Bank label "Parex Bank".
- Parex_Bank sameAs Q2033921.
- Parex_Bank sameAs Parex_Bank.
- Parex_Bank sameAs Parex_Bank.
- Parex_Bank sameAs Banko_Parex.
- Parex_Bank sameAs Parex_banka.
- Parex_Bank sameAs Parex_banka.
- Parex_Bank sameAs Parex_banka.
- Parex_Bank sameAs m.0113jk22.
- Parex_Bank sameAs Parex_Bank.
- Parex_Bank sameAs Parex_Bank.
- Parex_Bank sameAs Parex_Bank.
- Parex_Bank sameAs Q2033921.
- Parex_Bank wasDerivedFrom Parex_Bank?oldid=706264414.
- Parex_Bank isPrimaryTopicOf Parex_Bank.