Nearly 2 million payments made per day in Latvia
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.
Citadele bank offers accounts to Ukrainian refugees via mobile app
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.
Latvian central bank ups inflation forecast to nearly 15%
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%.
Luminor bank warns of scam websites
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.
'Financial literacy week' upcoming
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.
Latvia has frozen 8 million euros in Russian assets so far
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
Non-cash payments worth 219.5 billion carried out in 2021
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.
Collector coin marks centenary of Latvia's constitution
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.
Instant transactions now possible at State Treasury
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 regulator says it will carry out 43 on-site inspections this year
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."
Most important

Please be aware that the LSM portal uses cookies. By continuing to use this site, you agree that we may store and use cookies on your device. Find out more

Accept and continue