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News: Bulgaria >> North-East region >> Varna district >> Varna municipality >> City of Varna>> Latvian bank opens branch in Varna

News and Articles related to City of Varna
Current date: 2010-02-09 09:49

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Information about City of Varna

Latvian bank opens branch in Varna

Finances: Friday, 2009-11-13 00:01
Article by: Dnevnik.bg

Latvia`s Regionala Investiciju Banka has set up a Bulgarian branch, opening its flagship office in the Black Sea city of Varna. The Bulgarian National Bank (BNB) told Dnevnik the branch kicked off effective banking operations on the market on October 1, 2009 after signing with the trade registry at the Registry Agency on September 16, 2008. Manager of the branch is Krasen Kostov.

The new market player comes after in the summer Romanian lender Bank Leumi, a unit of Israeli Bank Leumi, ditched the Bulgarian market, shattering its Sofia office. At the same time, Cyprus-based Marfin Bank put on hold plans to set up a Bulgarian branch.

Scope: City of Varna;
More: Finances news bank Bulgaria;

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