Banks
Tuesday, April 16 will see the Latvian central bank (Latvijas Banka, LB) issuing another in its series of coins for collectors. This one is named 'Across the Times' and is dedicated the the Ethnographic Open-air Museum of Latvia.
The Supervision Committee of Latvijas Banka (LB), the country's financial regulator, said April 5 it had decided to impose a fine of 31,731 euros on Viktors Bolbats, former Chair of the Board of Baltic International Bank, which had its operations suspended more than a year ago.
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 22, the Board of Governors of the Nordic Investment Bank (NIB) held its annual meeting in Tallinn, Estonia.
From March 19 to April 4, the Latvian central bank (Latvijas Banka, LB) is running its traditional public vote 'Latvia's Coin of the Year' for the 20th time.
The Latvian banking sector made a profit of EUR 622.215 million last year, which is almost twice as much as the profit of banks in 2022, according to data published by the Latvian Central bank (Bank of Latvia) on March 14.
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.
Latvia's residents deposit approximately 2 billion euros into Automatic Teller Machines (ATMs or bankomāti) annually. Such a large amount raises suspicions that some of that cash may be part of tax avoidance measures.
Former depositors of the insolvent AS PNB Banka who have yet to resolve any legal claims have been reminded of a looming deadline by the regulator, the Latvian central bank, Latvijas Banka (LB).
An attempt by Latvia to lure the headquarters of a new European Union anti-money laundering authority to Rīga failed February 22 with confirmation that it will instead be located in Frankfurt, Germany.
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.
Most people will have encountered a situation in which making a bank transfer from one bank account to another has seen the payment delayed for several days, with the funds apparently suspended in the ether before completion.
On February 7, the Bank of Latvia is hosting the Latvian capital market forum 2024 udner the slogan "Capable companies – a more capable country".
Baltic bank Luminor generated increased pre-tax profits of 51.7 million euros in the fourth quarter of 2023, a 10.7% increase on the same period a year ago period – but said its profits would have been bigger if it didn't have to pay so much in tax.
Latvian financial institutions, including banks, worked with a profit of EUR 573.5 million last year, which is 75% more than in 2022, according to information released by the Bank of Latvia, reports the LETA newswire.
Next week, on February 7, the Bank of Latvia will be hosting the Latvian capital market forum 2024 uner the slogan "Capable companies – a more capable country".
Latvia's Signet Bank has announced the dates for a regional tour designed to familiarize businesspeople outside Rīga with the workings and opportunities of capital markets.
In 2023, Swedbank Latvija, the largest commercial bank in Latvia, worked with a profit of EUR 274 million, which is twice as much as the bank's profit of EUR 132 million in the previous year, the bank reported January 24.
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 Baltic International Bank was closed by the regulator about a year ago. It turns out the bank has less money than accounted for and it cannot settle with all creditors, Latvian Television's De Facto reported on January 14.
The Latvian central bank (Latvijas Banka, LB) said December 21 that next year it "will pay closer attention to IT security and the availability of financial services" in the banking sector.
The European Central Bank has published its view on measures already announced by Latvia which are supposed to help homeowers meet their increased mortgage obligations.
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.
Latvian boutique bank Signet Bank confirmed December 12 that it had completed the takeover of another Latvian bank, LPB Bank.
On Wednesday December 13, the Latvian central bank (Latvijas Banka, LB) will stat selling a new coin dedicated to fashion.
The European Investment Bank (EIB) and Luminor Bank AS said November 27 they have signed a €115 million agreement to facilitate additional lending to small to medium sized companies and mid-caps in Estonia, Latvia and Lithuania.
On 29 November, Latvijas Banka is issuing an unusually shaped silver collector coin named "Fan of Light Rays" to mark the 250th anniversary of the Museum of the History of Riga and Navigation.
A steady reduction in the number of Automated Telling Machines (ATMs, bankomāti or 'cash machines') looks set to continue in 2024.
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