(AFX UK Focus) 2010-03-10 14:45 Latvia's Parex says agreed 100 mln euro EIB loan (Interactive Investor)

10 March 2010, 7:12 am

RIGA, March 10 (Reuters) - Failed Latvian bank Parex, which the government was forced to take over, has agreed a preliminary deal on a loan of 100 million euros from the European Investment Bank (EIB), Parex said on Wednesday. The takeover of Parex, at the time the second-largest bank in Latvia, was one of the reasons why Latvia had to take an International Monetary Fund (IMF) and European Union ...... Read More »

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