Trasta komercbanka
Trasta Komercbanka Subsidiary Company Opens Representative Office in Azerbaijan
Trasta komercbanka 18.10.2010 11:39 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- TKB Leasing Ltd (SIA TKB Lizings), a subsidiary of JSC Trasta Komercbanka, has received a permit to open its representative office in Azerbaijan. In order to enhance its business in the South Caucasus region and implement the planned development strategy, TKB Lizings has decided to open its representative office in Baku. The Tax Ministry of Azerbaijan has already issued a permit allowing TKB Lizings to open its representative office, and the office will commence its work shortly. The representative office of TKB Lizings in Baku will be headed by Telman Kerimov. Starting its operation in the Azerbaijan market, the representative office of the leasing company will provide informative support to businessmen in regard to financing to purchase manufacture and mineral mining machinery and equipment. Azerbaijan is well known to have abundant natural resources and high pace of economic development. The representative office will explore the region, and it seeks to provide informative support and consultations to Latvian businessmen who are looking at Azerbaijan as a potential market for their businesses. Tatjana Konnova, Board Member of TKB Lizings, notes: 'Azerbaijan is a unique country, whose riches are represented by almost the entire Mendeleev's table. The potential of strong economic advancement requires new technical resources, and we are ready to support business people in the development of this region'. TKB Lizings is an enterprise of the Trasta Komercbanka Group and it operates in Latvia since 2005. The company provides leasing services to enterprises and individuals, financing the acquisition of production machinery and transport vehicles. It also specializes in tailoring custom solutions. Since 2006, a representative office of TKB Lizings has been working in Moscow, the capital of Russia. Trasta Komercbanka is the oldest private bank in Latvia operating in the Latvian financial market since 1989. Trasta Komercbanka is an active participant of the international market that offers support services in the sphere of capital management and trading operations. Apart from its Latvian branches in Liepaja and Daugavpils, Trasta Komercbanka has opened a branch in Cyprus and representative offices in Ukraine, Belarus, Kazakhstan, Tajikistan, and Canada. Jūlija Jurgele PR Specialist Tel. 67027785, 29434826 News Source: NASDAQ OMX 18.10.2010 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Trasta komercbanka Latvia Phone: Fax: E-mail: Internet: ISIN: LV0000800415 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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