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KPMG Baltics: none of proposals for recovery of "Latvijas Krajbanka" is feasible in practice
31.01.2012 @ 13:27 EET
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None of the proposals for the recovery of "Latvijas Krajbanka" received by the bank's insolvency administrator, auditing company "KPMG Baltics", is feasible in practice, the company has concluded.
The bank's administrator has received four proposals altogether for recovering "Krajbanka".
"KPMG Baltics" confirms that it has recommended the Financial and Capital Market Commission launching bankruptcy proceedings as the best solution to "Krajbanka's" insolvency. If the Commission accepts the company's proposal, the company will begin work on documents that will be handed in to courts for launching bankruptcy proceedings against "Krajbanka".
LETA
Photo: db.lv
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06:49 EEST 17.05.2012
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