Topics Topics
Banks
Latvian central bank warns about scammers
The Latvian central bank (Latvijas banka, LB) warned the public July 5 to be on guard against suspected fraudsters using the bank's name as part of a potential scam. 
Latvian central bank to issue 'Marriage' coin
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.
Bank profits at EUR 52.321 million in first quarter
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.
Former Parex banka owners told to pay up
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.
Latvia's coin of the year 2020: linden leaf
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.
ABLV Asset Management fined by financial regulator
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 buys ABLV's mortgage portfolio
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.
Financial regulator to add sustainability and competitiveness to regulatory environment
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."
EUR 181 billion in non-cash payments were made in Latvia during 2020
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).

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