Banks
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."
At the end of last year, a new segment - crowdfunding service providers – joined the financial market participants supervised by the Financial and Capital Market Commission (FKTK). The regulator on January 7 issued a reminder that companies offering such services need to register and get approval before they can do so.
"I promised you a miracle" sang Scottish New Wave supergroup Simple Minds in their 1982 smash hit. Now the Latvian central bank (Latvijas banka, LB) is in simple mind mode itself by promising you a "Miracle coin".
The Financial and Capital Market Commission (FKTK) with FinTech sector partners will hold an online discussion: 'Latvia – as the New Home for Global FinTech', on December 9 from 11:00 to 13:00.
Latvia's banking regulator, the Financial and Capital Market Commission (FKTK) said November 23 it was hitting AS PrivatBank with a fine of more than three quarters of a million euros "for breaches of regulatory requirements in the field of anti-money laundering and combating terrorism and proliferation financing (AML/CTPF)", plus various other measures.
The Latvian Central Bank (Latvijas banka, LB) revealed its latest collector coin November 17, in its own inimitable manner.
To coincide with the 2021 United Nations Climate Change Conference (COP26) taking place in Glasgow, the Latvian central bank (Latvijas Banka, LB) and the banking regulator the Financial and Capital Market Commission (FKTK) announced a joint pledge November 3 "to contribute, within their field of responsibility, to decisive policy action to implement the Paris Agreement and mitigate the consequences of climate change."
Tha Latvian central bank, Latvijas banka (LB), has a nifty new online resource available that can help you find your nearest bankomat/ATM when in need of quick cash.
Rigensis bank, whch has been operating in Latvia since 2011, is winding up its banking operations, in the latest reorganization of the country's banking sector.
Today the Saeima adopted the new Law on Latvijas Banka (the Latvian central bank, LB) in its third, final reading.
The Latvian central bank, Latvijas Banka (LB) hosts its annual economic conference on 20 September 2021 (from 13:30 Rīga time).
Latvia's financial regulator, the Financial and Capital Market Commission (FKTK) announced September 8 that "Baltic Technology Ventures" must be delisted from the First North alternative investment market, demanded repayment of money made as a result of breaching regulations and imposed a fine on board member Gene Zolotarev.
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