On  June  3,  1998  Latvijas  Unibanka  has  signed  a syndicate credit

agreement of receiving 45 million dollars for three years. The interest

rate  will  be  three months LIBOR rate plus 0.65%. This credit will be

used for financing the investment projects of Latvian enterprises.

The organizers of this syndicate credit are Bank Gesellschaft Berlin AG

and Barclays Bank PLC.

The  following  16  foreign  banks from 8 different countries have been

syndicatized  in  this  project: Bank Gesellschaft Berlin Ag (Germany),

Barclays  Bank  PLC  (England),  Vereins  -  und Westbank AG (Germany),

Dresdner  Bank  Luxembourg  (Germany),  Landesbank  Schleswig  Holstein

(Germany),   Hungarian   Foreign  Trade  Bank  (Hungary),  ING  Barings

(Netherlands),   Landesbank   Rheinland-Pfalz  (Germany),  SGZ-Bank  AG

(Germany), American Express Bank LTD (US), Baden-Wurttembergerishe Bank

AG   (Germany),   EFIBANKA  S.p.A.  (Italy),  Nordeutsche  Landes  Bank

(Germany),  Republic  Natioanl Bank of New York (US), Unibank (Denmark)

un Zuercher Kantonalbank (Switzerland).