JSC  "NORD/LB  Latvija"  Supervisory  Board  has  approved  a  new Bank

president  -  the  former  First Vice-President Andris Ozoliņš. He will

replace Jurgen Machalett starting with January 1, 2004.



A.Ozoliņš,  in  the capacity of  NORD/LB Latvija President, still needs

to be approved by Financial and Capital Market Commission.





Teika Lapsa, NORD/LB Latvija PR Manager 



teika.lapsa@nordlb.lv tel.7015395, 9161561