Analysis about "Akciju komercbanka "Baltikums"" Bonds

JSC "Akciju komercbanka "Baltikums"" (the Bank) was established on 22 June 2001, when it was incorporated in the Republic of Latvia as a joint stock company. The Bank is a commercial bank specializing in the financing of export and import operations, trade and shipping finance as well as investment management. The Bank operates in accordance with Latvian legislation and the license issued by the Bank of Latvia. The immediate controlling party of the Bank is AS “Baltikums bankas grupa”, which owns 100% of shares. AS “Baltikums bankas grupa” is owned in equal portions by four Latvian entities, which belong to 10 individuals. An entrepreneur from the CIS wanted to separate his personal finances from those of his company. To achieve this they offered the services of Baltikums Private Bank and Baltikums Corporate Bank. They built a simple, yet efficient “Great” - Latvian Wall””, which divided his wealth into his personal finances managed in Riga and an industrial Holding company managed in Limassol. But walls not only divide, but also protect: both parts of the customer’s wealth are now entrusted to Baltikums Banka Discretionary Investment Management – and kept in a stable and secure environment of a private, independent Bank at reasonable prices. The funds are transferred between accounts set up in two European jurisdictions, the title of ownership kept in an international jurisdiction, while operational control remains in the customer’s home country. As a result they established a relation that helps the client resolve an important issue. This is what they call -Relations That Work.