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Unicredit SpA Planning to Give Up Latvian Bank License

May 10 (Bloomberg) -- Unicredit SpA plans to give up its banking license in Latvia and focus on leasing in the three Baltic states, the lender said in a statement on its website today.

The bank was the eighth-largest by assets in Latvia as of year end 2012, according to the country’s commercial bank association.

To contact the reporter on this story: Aaron Eglitis in Riga at aeglitis@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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