Parex banka is interested in developing a constructive dialogue with each client therefore our bank's experienced and qualified professionals are continuously looking for solutions that are suitable for borrowers who, having become insolvent due to economic or social circumstances, still try to overcome short-term difficulties and stand ready to service their liabilities.
Parex banka reviews each case individually and the outcome of cooperation is largely based on principles of mutual trust and good faith. The bank can adopt decisions about restructuring of a loan only after assessing borrower’s actual opportunities objectively, offering favourable conditions for loan repayment, individual payment schedules, loan holidays, cheaper housing alternatives or renting out repossessed property out to the borrower.
At the same time Parex banka uses all legitimate instruments to turn against any activity conducted in bad faith or in contradiction with the law which might result in losses for tax payers or the State. The aim of existence and activity of Parex banka is recovery of the State aid. Therefore any malicious activity targeted against recovery of Parex banka’s assets and retention of asset value not only causes legal consequences, it also incurs losses for the Latvian tax payers.