It's not only the Saeima and Constitutional Court who are currently pondering the meaning or meanings of the word "marriage". Now the Latvian central bank (Latvijas banka, LB) is getting in on the act with a collector coin dedicated to matters matrimonial.
Banks
In the first quarter of this year, the Latvian banking sector worked on a profit of EUR 52.321 million, which is three times that of the corresponding time period of 2020, according to data published by the Finance and Capital Market Commission (FKTK), LETA reported June 8.
Latvijas banka (LB), the Latvian central bank, has come up with another coin for collectors to add to their collections.
Former owners of the notorious Parex banka, Valerijs Kargins and Viktors Krasovickis will have to reimburse the state privatization agency and its subsidiary a cool 124.3 million euros, according to a decision of the Civil Cases Department of the Supreme Court, LSM's Latvian and Russian language services reported May 19.
A new survey conducted by Citadele bank and the Norstat research agency suggests 80% of Lithuanian, 56% of Latvian and 55% of Estonian parents support their children financially even after they reach adulthood.
The Disciplinary Committee at Nasdaq Stockholm on May 5 ordered Swedbank to pay a fine of twelve annual fees, equivalent of SEK 46.6 million (EUR 4.57 million) over historic failures in the field of anti-money-laundering measures linked to its Baltic operations.
Latvijas banka, the Latvian central bank (LB), has published its annual report on its activities in 2020, which is now available online.
On April 22, the Saeima conceptually supported the merger of Finance and Capital Market Commission (FKTK) and Latvian Central Bank (Latvijas Banka).
The annual public survey on the favorite collector's coin of the year chose the linden leaf coin released November 2020, Latvian Central Bank representatives said April 12.
April 1 may be almost upon us, but anyone in the mood for jokes on bank payment forms is being warned against it by the banks themselves.
Latvia's banking regulator, the Financial and Capital Market Commission (FKTK) warned March 29 about a British-registered financial services company that has reportedly been trying to do business in Latvia illegally.
From 22 March to 4 April 2021, Latvijas Banka, (the central bank, LB) organises its annual public vote "Latvia's Coin of the Year 2020".
Latvia's banking regulator, the Financial and Capital Market Commission (FKTK) said March 17 it was fining ABLV Asset Managment for "infringements of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing (AML law)."
Citadele bank on March 12 announced the acquisition of the majority of the mortgage portfolio owned by ABLV bank, which is already into the third year of its lengthy liquidation procedure.
According to a statement March 11 by Latvian Central Bank Latvijas Banka, the bank's profit for the year 2020 totaled EUR 26.6 million.
The Latvian banking sector generated a profit of over €146 million in 2020, up 22.4% on 2019, according to Finance Latvia Association's information March 5.
Latvians favor deposits over investments for their spare cash, according to data compiled by Citadele bank subsidiary CBL Asset Management.
Latvia's financial sector regulatir, the Financial and Capital Market Commission (FKTK) has developed its sustainability strategy to "purposefully promote the development of a sustainable, stable and sound Latvian financial sector, a reliable and respectful relationship with the society, as well as to implement socially responsible organizational principles" it said February 24, describing sustainable development as "one of the FKTK's priorities this year."
In 2020 in Latvia, non-cash payments totalling 181.1 billion euro were executed by Latvian payment service providers, (credit institutions, electronic money institutions, payment institutions, and the Treasury), according to the Latvian central bank (Latvijas banka, LB).
Global financial platform Revolut has on February 15 "operationalized" its European specialized banking licence in Latvia, according to a release by Revolut.
Luminor bank on February 2 announced its acquisition of part of Danske Bank’s corporate portfolio worth approximately 35 million euros.
Swedbank has decided to establish a new Baltic subsidiary of Swedbank AB which will be registered in Latvia, according to a release published February 1.
Latvia is among a group of Nordic and Baltic countries that are asking the International Monetary Fund (IMF) to conduct an analysis of cross-border money laundering and terrorist financing risks in the region, the Latvian Central Bank, (Latvijas Banka, LB) said in a statement January 21.
Latvian bank “SMP bank” played a role in a complex chain of transactions that helped Russian President Vladimir Putin obtain a palatial private residence, according to Georgy Alburov, an associate of Russian opposition figure Alexey Navalny and his Anti-Corruption Foundation (FBK).
Latvijas Banka, the Latvian central bank, is issuing a 2 euro commemorative coin dedicated to the 100th anniversary of the de jure recognition of the Republic of Latvia. The coin will only be available for online purchase in gift packaging and in souvenir sets.
The European Central Bank on January 11 said it was taking over supervision of Latvia's Citadele banka as part of its remit to regulate banks deemed to be of systemic importance.
Latvia's financial regulator, the Financial and Capital Market Commission (FKTK) said January 7 it carried out 12 inspections of banks related to money-laundering issues and found "only a few cases" meriting punitive action.
19 January 2021 sees the Latvian Capital Market Forum 2021 taking place online under the title: "Today's Decisions = Future Opportunities".
Latvia's financial regulator, the Financial and Capital Market Commission (FKTK) issued a warning December 23 about financial services being offered by an unlicensed provider called "BLP Baltijas Privatbanka" on its website https://www.blpbank.com/. On Wednesday afternoon the website appeared to be no longer functioning.
Anyone worried that the Latvian central bank (Latvijas banka, LB) has not put out a new collector coin in the last three weeks can heave a sigh of relief as another one is imminent.