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Who can stop Latvian banks killer - Ilmars Rimshevics (Ilmārs Rimšēvičs)?

[b]AS PNB Banka's new shareholders and Management Board announcement[/b]

AS PNB Banka’s new shareholders and Management Board believe that the Bank is currently solvent and that the Bank’s liquidity is currently good. AS PNB Banka’s new shareholders had also submitted a plan to inject further capital of €146 million.


Within hours of the ECB's and the SRB's decisions on Thursday, the Bank reached out to the ECB and the SRB requesting the full text of their decisions so that their basis can be analyzed. There has been no substantive response by the ECB. The SRB merely stated that it needs to determine which parts of its decision can be disclosed to the bank.

The SRB was asked by the Bank to clarify on what basis it has stated on Thursday evening that the bank will be liquidated under national law. AS PNB Banka’s new shareholders and Management Board understand that the SRB has no decision-making power as regards a liquidation under national law.

AS PNB Banka’s new shareholders and Management Board also note the FCMC's statement on Thursday that its measures are "unexpected". The FCMC will have to explain the basis on which it made a determination of the unavailability of deposits.

AS PNB Banka’s new shareholders and Management Board will vigorously contest any petition for the opening of insolvency proceedings in front of the Latvian courts and in this context will demand that the Latvian courts obtain guidance from the European Court of Justice as to compliance with applicable European law.

AS PNB Banka’s new shareholders and Management Board reserve all rights and remedies on a national and European level as well as their rights pursuant to investment treaties. This includes the investment treaty between the United States of America and Latvia. AS PNB Banka’s new shareholders have therefore written to the US Embassy in Riga.

AS PNB Banka’s new shareholders and Management Board also recall the responsibility of Latvia and the European authorities as regards the credibility and reliability of banking regulation in Latvia. Outside observers (such as the US government) but also the competent Latvian authorities themselves have acknowledged the serious issues in this regard. The competent authorities and the courts should be allowed to discharge fully their responsibility in this regard so as to restore confidence in the system.

The ECB’s assessment of the Bank's financial position needs to be analyzed against the background of the auditor’s and the FCMC’s prior assessments. AS PNB Banka’s new shareholders and Management Board are concerned that the bank is treated differently than all other comparable banks in Latvia and elsewhere in Europe.

AS PNB Banka’s new shareholders and Management Board are convinced that the Bank's continued operations can be ensured and that this will be for the benefit of more than 100,000 Bank's depositors, 500 employees and their families as well as Latvia and its tax revenues.

[url=]Link to the News portal[/url]

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- Rickykew
Patrick and Rosie recently done our wedding on the 1st of June at Mills Reef in Tauranga. They were so easy to deal with from start to finish. Made the process so easy with great communication, direction and suggestions too! They made our special day even more special by doing what they do best! I’ve never met anyone as professional, have the resources, provide so many options and solutions on the spot especially during the day and during some big moments. They worked well with everyone else also, coordinated well with others and made it so easy so we could let them do what they do. Not only did Patrick ask me what I wanted, but he threw some good suggestions too for music, setting the mood and creating a good atmosphere. I would highly recommend Groove DJ’s to anyone and everyone, you will not be disappointed! 5 stars isn’t enough to give them!
- Hayden & Franzine
Hi Guys
That was a resounding success if the feedback from this morning is anything to go by. I even have a handful of employees humming tunes they ‘haven’t heard in aaaaaages’, which they heard on Friday night. In short, they all loved it.
We’ll see you same time next year ? Not even joking. By all accounts my manager is notorious for having dinner and then slipping away under the cover of darkness once the dancing starts, yet there he was until the (almost) bitter end. I would like to think it was my sparkling company as well, of course.
Enjoy the silly season and thank you once again. The Bob Owens team had a blast
- Leonie
Thank you SO MUCH for the photos, they are so amazing and I have already put the best ones up on facebook – I love them! Really really appreciate you doing that for us, it’s really special.
And also a HUGE thank you for looking after us on our day. it was the BEST day ever and to not have to worry about the music was just priceless – all of our guests have commented about how much fun they had dancing and how good the songs were so thank you for making the night so fun!
All the best for the crazy wedding season approaching and thanks again. I am recommending you to EVERYONE!
Kind Regards,
- Erin and Mark
Rosie & Patrick were the DJ's at our wedding at the beginning of July,
I could not fault a single thing, they were very professional and well mannered and did everything i asked them to do, one thing that really stood out to me was when i arrived at the ceremony, Rosie was waiting at the door for myself and my bridesmaids, she was there to offer a hand in telling us when we needed to walk down the isle to stay in beat with the song (we wanted the whole song to play as the last line was our favourite). It really made that part of the ceremony run more smoothly. All in all, they did an AMAZING job and would definitely be letting everybody know they NEED Groove DJ's at every single event!!
- Ngareta
Dear Patrick and Rosie
Thank you so much for helping us with our wedding day. We really enjoyed all of the entertainment you provided and you both made it such a smooth process. Ourselves and our guests had so much fun dancing through the evening and are very grateful for your help with the ceremony music/process also. We will happily recommend you to all of our friends!
Many Thanks,
- Penelope & William
Patrick & Rosie,
Thank you for setting the mood with beautiful lighting and music for our wedding. It was an absolute pleasure dealing with you!
- Krystie & James Falconer
Hey guys,
Just wanted to say a huge thank you for what was deemed - the general consensus - as an awesome night! I have never ever seen so many people up dancing and right to the end of the night! I am very impressed. Thanking you for contributing to a very successful night of fun and entertainment!
- Pip Ritchie - Page & Macrae Limited
Just wanted to say thanks to Damon for the awesome professional job he did on Saturday night...
- Helen
Thank you guys for an awesome day and night your music was on point, loved the clouds. You guys went above and beyond for us, not only did you do our music but you also helped us with our practice, without you guys helping us we would not of known wot to do. Groove DJs you rock. I recommend Groove DJs by far.. amazing people X
- Fiona & Dave Taylor
Hey Patrick! Just wanted to say thank you again, you did such a mint job of djing our wedding day. The vibe was exactly what I hoped it would be and the music was on point! Rob was a bit hesitant at first about having a DJ but the next day he was raving about how awesome you were. You were in the perfect places at the perfect times and our guests said you were awesome with the song requests and all that. You definitely helped make the wedding all i wanted it to be and sincerely thank you. You have been absolutely fantastic to work with and i wouldnt hesitate one second to refer you to anyone else who wants a DJ in the BOP region
- Crystal and Rob Boulger
Hi guys
Thank you so much, and especially to Thomas, for being our wedding DJ and providing awesome sounds and lights! I'm just sorry it's taken me so long to realise my delay in thanking you.
Our day was superb, and couldn't have been better! It's was perfect without a hitch, and a big part of that was thanks to Thomas. All of the guests commented on how awesome he was, and the dance floor was never quiet! The lights were incredible too.
Please pass our appreciation to Thomas.
Warm regards,
- Rory and Greig
Dear Patrick & Rosie
Thanks heaps for doing such a stellar job for our special day! It made the day so much easier & smoother with you both running the music! We'll be sure to recommend you to all our friends!
Thanks once again,
- Mr & Mrs Plant
Patrick and Rosie
We would like to thank you guys for doing the music at our wedding. From before the ceremony through to the final song, it was spot on! You guys took care of everything and made the atmosphere! Great mix of music, everyone had an awesome night. We wouldn't hesitate to recommend you guys!
- John and Liz :)
To the team at Groove DJ's, Danielle and I would like to thank you for your efforts on our wedding day. You rocked it!!! Everybody enjoyed the music choice and your ability towards the end of the night to keep the party going. Especially the final song when you should have been packing up, you created a lasting memory for us and everyone that was there. Everybody is still talking about that final song. "Don't you go out in the rain"!
- Daniel Cullen
Patrick and Co you guys seriously set the magic at our wedding!! The beautiful lights, the colours of our wedding surrounding the room and the music was just magical!! We can't thank you enough for the wonderful job you did. Thank u so so so much Mr and Mrs Wood hehehehe xx
- Kerry Wood
We had the BEST time working with you guys! This is such a great package offering for people having both a DJ & band combined throughout the full duration of their wedding....bring on more we say!!
- Icefire
We had the best night thanks to you guys and Icefire! Had everyone up dancing on the floor all night! You guys absolutely killed it, what a great Duo! So glad we got to have both the DJ and band mix!
- Celeste Skachill
We were so happy with everything you guys did for the wedding day and can't thank you both enough.
- Emma W.
hanks so much guys my party was amazing because of you two! Everyone loved the music, hope no one caused any trouble and I hope you found your bracelet! Thank you so much!
- Sommer W.
Like most wedding couples, we found ourselves asking the question; band or DJ? What's best? Glen wanted a band and I wanted a DJ... Luckily for us, here's where the Groove Duo package saved our bacon! Meaning we could have both!
Can I just say these guys absolutely killed it! They could not have been better, everyone was still talking about the music the next day.
We got so many comments on how amazing it was that Icefire played acoustic music in the afternoon garden setting then blasted out these mega songs at night! Combined with Groove DJ we felt like a massive dance party had been brought to our reception. Everyone was up dancing, even our rallys who 'don't dance'. Having the band and DJ really meant we got the best of both worlds!
These guys know their stuff and work so well together and you know that they love what they do because it really comes through in their music. We feel so lucky to have had both Icefire and Groove DJs at our wedding. If you love good music like we do and are lucky enough to book both of them, you can't go wrong.
Thanks so much again for making our wedding,
- Celeste and Glen Skachill
I just want to say thank you so so much for Friday night. Everyone had a fantastic time!!! We will definitely be booking you again – we are thinking of a midwinter ball. The music was amazing and everyone is raving about your services. When the photos are ready can you please send them to me...again thank you so much.
- Paula
As for the ball it was absolutely awesome. Your friendliness, easy approach, accommodating service and music. I will keep you in mind. We may have something else on this year. Fundraising ventures etc so I will keep you posted. Again, extremely happy with everything.
- Jordene
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