On April 11, 2007, AS NORVIK BANKA has been approved as a member on the Tallinn, Riga and Vilnius stock exchanges. AS NORVIK BANKA has become the 17th pan-Baltic member.
NORVIK BANKA, established on 29 April 1992, is the large commercial bank with Icelandic – Latvian capital. The bank operates in the Latvian and international financial markets, offering its services to a wide range of clients – from natural persons to international institutional investors. The largest shareholder of the bank, owning 51% of shares, is the Icelandic company Straumborg ehf.
NORVIK BANKA has been offering brokerage service as well as asset management services in global stock market for more than 5 years. The bank’s subsidiary company Norvik IPS manages one of the most profitable pension funds of Latvia. This year Norvik IPS registered a group of investment funds.
“Membership of the Baltic stock exchanges is the logical step strengthening our position as one of the leaders in the financial service market of the region, and additionally expanding opportunities for our clients,” noted the Head of the bank’s Investment Department I. Kuznecovs.
NORVIK BANKA will trade on the OMX Baltic stock exchanges under the trading code NRK. The Baltic stock exchanges have 40 members altogether.