Banks
350 million customer non-cash payments totalling 118.8 billion euro were executed by Latvian payment service providers (credit institutions, electronic money institutions, payment institutions, credit unions, Latvijas Banka and the Treasury) in the first half of 2022, the Latvian central bank (Latvijas Banka, LB) said August 26.
During the first six months of 2022, the Nordic Investment Bank, in which Latvia has a stake, has seen a significant increase in demand for its financing, the Bank said August 26.
Latvijas Banka (LB), the Latvian central bank, said August 22 it will issue a 2 euro commemorative coin dedicated to Ukraine at the beginning of 2023.
The Board of Finance and Capital Market Commission (FKTK) has allowed AS 'PrivatBank' to transfer most of its assets to AS 'Industra Bank' according to a transitional agreement entered into by both parties, the FKTK said on August 10.
A pair of recently-merged banks have wasted no time in instigating some name changes, the LETA newswire reports.
The Financial and Capital Market Commission (FKTK) approved the merger of Signet Bank and Expobank, the commission said on July 11.
Industra Bank and PrivatBank have concluded an agreement, which provides for the transfer of PritvatBank's customers’ servicing, plus most of its assets and liabilities to Industra Bank, the bank announced July 8.
Citadele bank said July 6 that since Russia invaded Ukraine in February, it has received 4,200 applications to open accounts from Ukrainian citizens in the Baltic states as war refugees. "To ease the application process for Ukrainians and offer them a more up-to-date digital experience, they will now be able to open an account remotely through the Citadele mobile app," the bank said.
Baltic regional bank Luminor Bank AS has announced that it has completed the acquisition of 99% of the shares of Maksekeskus (MKK), an e-commerce payment service provider in the Baltic region.
A 2 euro commemorative coin dedicated to the Erasmus program is to be issued by the Euro area's central banks, including Latvijas Banka (LB).
On June 10 the Latvian central bank Latvijas Banka (LB) raised its inflation forecast for 2022 and 2023 – the central bank estimates consumer prices will rise by 14.8% this year instead of the previously estimated 9.5%, while next year – by 7% instead of the previously forecast 3.7%.
To support enterprises seeking to develop innovative financial products and services, the Financial and Capital Market Commission (FKTK) is offering several support mechanisms via an 'Innovation Hub', it has announced.
The Bloomberg financial newswire reported June 2 that Latvian Minister of Finance Jānis Reirs is asking the United States to lift remaining restrictions on ABLV bank, which collapsed in 2018 in the immediate aftermath of U.S. allegations that it was involved in massive money-laundering.
The Latvian Credit Information Bureau (CIB) said June 1 it has concluded an agreement with the International Bureau of Credit Histories of Ukraine (Міжнародне бюро кредитних історій) on the exchange of data on the credit history of citizens of Ukraine.
The Baltic bank Luminor said May 18 it has completed a €500m, 5-year covered bond issue.
Luminor bank warns customers to carefully check the address of the Internet bank used and to watch out for false websites that visually align with the actual Luminor Internet bank site.
The largest commercial bank in Latvia Swedbank has confirmed Lauris Mencis as the new Chair of Swedbank Latvija board, the bank said May 9.
On 5 May, the annual meeting of the Board of Governors for the Nordic Investment Bank (NIB) approved the bank’s annual accounts for 2021 and a payment of EUR 40 million as dividends to the Nordic and Baltic member countries, of which Latvia is one.
Latvijas Banka, the Latvian central bank has announced yet another in its series of special commemorative coins.
The Council of Latvijas Banka has approved the Annual Report of the central bank for 2021, and it is now available to read online on a bespoke website at https://annualreport.latvijasbanka.lv (as well as on the usual website at: https://www.bank.lv/en/publications-r/news-and-articles/press-releases/12921-on-the-financial-performance-of-latvijas-banka-in-2021).
The profit of the Latvian central bank (Bank of Latvia) in 2021 was EUR 20.9 million, the bank said in a release on March 15.
The Latvian central bank, Latvijas Banka (LB), and its partners are inviting everyone to sharpen up their financial skills during Financial Literacy Week 2022 from 21 to 27 March.
In connection with the sanctions imposed on Russia by the European Union (EU) and the United States (OFAC), approximately 8 million euros have been frozen in Latvian banks, according to data compiled by the Financial and Capital Market Commission (FKTK), the Finance Ministry said March 10
The European Court of Human Rights (ECHR) has dismissed a case brought by former shareholders of Parex bank, which collapsed in 2008.
The total volume and value of customers' non-cash payments executed by Latvian payment service providers (credit institutions, electronic money institutions, payment institutions, Latvijas Banka and the Treasury) reached 583.5 million and 219.5 billion euro respectively in 2021, according to data published by the Latvian central bank (LB) February 24.
Latvian private bank Signet Bank has purchased Expobank, it was announced February 16.
On Wednesday, 16 February, the Latvian central bank, Latvijas Banka (LB), will release a new 5 euro silver collector coin "Satversme 100". This coin is a tribute to the constitution (Satversme) of Latvia, which was adopted in 1922 and defines the form of government, values and relations between the individual and the state.
As of Tuesday, February 1, instant transactions or so-called 'lightning payments' can be executed with the state, since the Latvian State Treasury has joined the instant payment infrastructure maintained by Latvijas Banka, the Latvian central bank (LB) said in a release.
Latvia's financial sector and banking regulator, the Financial and Capital Market Commission (FKTK), said January 24 it is planning to carry out 43 on-site inspections at financial institutions in 2022 "to gain assurance that their activities comply with regulatory requirements, as well as to ensure the protection of the interests of customers of financial institutions."
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