The association suggests increasing lending to business by exempting reinvested profit from corporate tax. The association also suggests improving the application of financial instruments and guarantees and to follow the examples of other countries by promoting the development of public-private partnership projects.
Another proposal is to strengthen the role of mortgage lending by amending the law on real estate confiscation for public purposes, as well to draft a modern law on rent.
Meanwhile mortgage lending could be further encouraged by not only the support program for home purchases by young families with children, but also by young specialists.
The association proposes a discussion about personal income tax applied to interest paid by mortgage borrowers, and suggests prolonging personal income tax breaks for borrowers experiencing difficult times, and to decrease the fees for registering a mortgage.
The Association of Commercial Banks, suggests faster application of certain digital solutions, which will decrease administrative costs for public administration and commercial banks, and offer customers better service.
The Association is an umbrella industry group that includes most, though not all, of Latvia's banks.