AS PrivatBank

AS PrivatBank provides various banking products and services in Latvia, Portugal, and Italy. The company engages in deposit taking, customer accounts maintenance, lending and issuing guarantees, cash and settlement operations, and operations with securities and foreign exchange. As of December 31, 2010, it operated 12 branches and 9 cash offices in Latvia, 1 branch and 2 cash offices in Portugal, and 1 branch in Italy. AS PrivatBank, through its subsidiaries, also engages in financing and operating lease activities; real estate operations; and the provision of consulting and travel services. The company was formerly known as AS Paritate Banka and changed its name to AS PrivatBank in August 2007. AS PrivatBank was founded in 1992 and headquartered in Riga, Latvia.