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. Last Updated: 07/27/2016

French Bank in Latvia

MOSCOW -- The French bank Soci?t? G?n?rale plans to become the first foreign bank with a branch in Latvia when it opens in the first half of September, a bank official said Thursday.

The bank received a license for banking operations in Latvia on July 18. Lija Makare, a French Embassy official, told Interfax in Latvia that the bank would concentrate its efforts mainly on encouraging foreign investment in the republic.