Swedbank could also close an ATM, leaving only a SEB teller machine in the border town with a population of about 5,000. This means that locals have to go to Smiltene or Valmiera towns to use banking services.
Meanwhile the local authority is in the process of setting up a credit and savings association, which could cover some of the missing banking functions, such as providing loans to local residents.
Johansone did say that the Finance Ministry is rather skeptical about this initiative.