In 2005, 33% of shares were bought by Dermot Desmond, a citizen of Ireland. The bank started building a new central office Rietumu Capital Centre and also issued MasterCard and Maestro chipcards and offered customers a new modern platform for stock exchange transactions in world currencies FOREX. In 2006, the bank was granted a syndicated credit totalling to €60M arranged for by ERAB and a syndicated commercial credit totalling to €110M from more than 20 banks from all over the world. Aleksandrs Kalinovskis became the President of the bank. In 2007, it opened a representative office in Bucharest and extended its accreditation of a representative office in Minsk. The bank was granted one more syndicated commercial credit totalling €120M for three years (with 19 banks from all over the world among the syndicate members).