Latvian Trasta Komercbanka Seeks Investor Amid Ukraine Struggle
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Latvian lender Trasta Komercbanka AS said it’s looking for an investor to boost capital and help revamp its unprofitable operations.
“A capital increase is an important aspect, but mostly what we are awaiting from the new potential investor, is the ability to give the bank a new impulse, attract new markets, products and technologies,” Jelena Tarnovska, director of Trasta’s public relations department, said by e-mail on Aug. 31. She said the plan “is not directly connected with difficulties in Ukraine.”