Stabilization of bank sector in Latvia results with success
The asset management company Reverta is the former Parex Bank after reorganization. „Professional work, economic processes in Latvia and in the world, crisis in the eurozone, the unstable political and economic situation in the world, and the slow recovery of Latvia’s economy – these factors are all quite logically reflected in the development of the business projects of our clients, as well as in the real estate market. For that reason, we predict that the company will continue to generate losses as planned for the next few years,” the company’s board chairman Christopher Gwilliam said.
