Krajbanka May Be Missing $191 Million, Regulator Says
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As much as 100 million lati ($191 million) may be missing from Latvijas Krajbanka JSC, Latvian bank Regulator Irena Krumane said at a news conference today in Riga.
A liquidation of Lithuania’s Bankas Snoras AB will force a liquidation of the Latvian bank as well, Krumane said. She also said depositors will be able to withdraw 50 lati from ATMs starting tomorrow. The withdrawals will be allowed for two to three days, depending on how the Lithuanian government proceeds with Snoras.