Banks
The latest 'Payment Radar' data published by the Latvian central bank (Latvijas Banka, LB) contains some interesting data about the financial habits of the average Latvian resident.
On March 13, 2024, the supervisory committee of the Bank of Latvia annulled the license of Pūņi Cooperative Credit Union (Pūņi KKS), the bank said in a statement.
Thursday is the day when the location of a headquarters for a new European Union anti-money laundering authority (AMLA) will likely be decided, according to political news portal Politico.
Blackstone, a US investment company, is planning to sell Luminor Bank, a bank operating in the Baltic States, the business news agency Bloomberg reports.
Latvia is set to host the inaugural "Fintech Board Members Academy: Empowering Excellence" at the end of this month.
The Council of Latvijas Banka, the Latvian central bank (LB) has approved an initiative that will enable non-bank payment service providers – payment and e-money institutions – and in the future also crypto-asset service providers to open an account with Latvijas Banka for the segregation of their customer funds, LB said in a release December 15.
The Latvian banking sector made a profit of 564.406 million euros in nine months this year, which is 2.6 times more than in the same period of 2022, according to data released by the Latvian central bank (Bank of Latvia) on December 18, newswire LETA reports.