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- Q2033921 subject Q6510012.
- Q2033921 subject Q8198104.
- Q2033921 subject Q8289091.
- Q2033921 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.".
- Q2033921 wikiPageExternalLink parex-bankas-parnemsana.
- Q2033921 wikiPageExternalLink www.citadele.lv.
- Q2033921 wikiPageExternalLink parex-bankas-krahs.
- Q2033921 wikiPageExternalLink kas_notiek_valsts_noslepuma_aizsega.
- Q2033921 wikiPageExternalLink parex_bankas_sarakste_atklaj_bankas_slepto_zinu_apjomu.
- Q2033921 wikiPageExternalLink www.reverta.lv.
- Q2033921 wikiPageWikiLink Q1142572.
- Q2033921 wikiPageWikiLink Q133011.
- Q2033921 wikiPageWikiLink Q14239556.
- Q2033921 wikiPageWikiLink Q159.
- Q2033921 wikiPageWikiLink Q16822311.
- Q2033921 wikiPageWikiLink Q17308599.
- Q2033921 wikiPageWikiLink Q1773.
- Q2033921 wikiPageWikiLink Q2047190.
- Q2033921 wikiPageWikiLink Q211.
- Q2033921 wikiPageWikiLink Q212900.
- Q2033921 wikiPageWikiLink Q2814650.
- Q2033921 wikiPageWikiLink Q39731.
- Q2033921 wikiPageWikiLink Q4214712.
- Q2033921 wikiPageWikiLink Q458.
- Q2033921 wikiPageWikiLink Q6510012.
- Q2033921 wikiPageWikiLink Q7804.
- Q2033921 wikiPageWikiLink Q798630.
- Q2033921 wikiPageWikiLink Q8198104.
- Q2033921 wikiPageWikiLink Q8289091.
- Q2033921 wikiPageWikiLink Q8880.
- Q2033921 wikiPageWikiLink Q896666.
- Q2033921 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.".
- Q2033921 label "Parex Bank".