Banks
From 24 April to 28 April, the Latvian central bank, Latvijas Banka (LB), is hosting a training session during which U.S. experts "will educate the representatives of Latvia's financial supervisory and law enforcement authorities on a risk-based supervision of the Latvian capital market," according to a release from LB.
The Latvian central bank, Latvijas Banka (LB) announced April 20 it has started publishing a regular overview of the deposit rates offered by commercial banks.
Latvijas Banka (LB), the Latvian central bank, has published its annual report for 2022, the bank said April 6.
The coin "Vilhelms Purvītis" has won the title of Latvia's Coin of the Year 2022 in the public vote organised by the Latvian central bank (Latvijas Banka, LB) and the news portal Delfi.
Every year, Latvian residents lose several million coins of one and two cents. They are dropped on the streets and lying around in drawers and pockets, and sucked up in vacuum cleaners. For this reason, the Latvian central bank (Bank of Latvia) intends to reduce the circulation of these nominals, Latvian Radio reported April 5.
The most recent (Spring 2023) "Payment Radar" report from the Latvian central bank (Latvijas Banka, LB) suggests that the ratio between non-cash and cash payments in Latvia was 67% to 33% in February 2023.
Latvijas Banka (LB), the central bank of Latvia, has released its first "sustainability disclosures report", outlining its efforts to promote sustainable development and addressing environmental, social, and governance (ESG) issues.
The Court of Economic Affairs has approved the liquidation application of Baltic International Bank submitted by the Bank of Latvia, the LETA news agency reported March 24.
The Latvian Central Bank (Latvijas Banka, LB) said March 16 it had submitted an application to the Economic Affairs Court to open liquidation proceedings with regard to Baltic International Bank.
On March 10, 2023, the European Central Bank (ECB) took a decision to withdraw the banking license of Baltic International Bank SE, according to a Latvian central bank (Latvijas Banka, LB) press release on March 13. The decision took effect on 11 March 2023.
February 8 is the day of the Latvian Capital Market Forum, which will be available to watch live online.
Most of the clients of the liquidated ABLV Bank have received the guaranteed remuneration, but several thousand have not applied for it, Latvian Television reported on January 26. The bank's liquidation process began about five years ago. Five years is the deadline within which customers of any bank in liquidation can apply for guaranteed reimbursements of up to €100 thousand.
The Latvian Central Bank (Latvijas Banka, LB) issued a reminder January 23 to former customers of ABLV Bank, AS, that they can apply for guaranteed compensation for just one more month, following the bank's liquidation.
Baltic regional bank Luminor has completed a €300 million, 3-year senior preferred issue, it confirmed January 17, a week after the bond's launch.
From January 1, 2023, the Financial and Capital Market Commission (FKTK) will be fully integrated into Latvijas Banka, the Latvian central bank, both bodies said in a reminder about the new arrangement Deceber 28.
The pension manager "Indexo" has submitted an application to the Financial and Capital Market Commission (FKTK) for a banking license, the company announced December 27.
As of 2 January 2023, the Cashier's Offices of the Latvian central bank, Latvijas Banka, will move from their current location at K. Valdemāra iela 1B, Riga, to Bezdelīgu iela 3, Riga.
The Financial and Capital Market Commission (the FKTK) said December 21 it had made a decision on
the procedure for the guaranteed compensation payments to the depositors of Baltic International Bank SE starting from 22 December.
the procedure for the guaranteed compensation payments to the depositors of Baltic International Bank SE starting from 22 December.
Baltic International Bank, whose operations have been suspended in accordance with a decision of the Financial and Capital Market Commission (FKTK), has about 1,580 clients with deposits with the bank, of which about 700 are Latvian residents, the commission's chairwoman Santa Purgaile said at a press conference on Tuesday.
Latvia's financial regulator the Financial and Capital Market Commission (FKTK) said in a surprise move Monday night it was suspending operations in one of the country's banks.
Latvijas Banka, the Latvian central bank, will issue a coin dedicated to Ukraine's fight for freedom, it said December 12.
Fraudsters have started to attempt scamming Latvian companies by faking invoices from company partners with bogus account numbers, Swedbank said on November 28.
Latvia's central bank said November 21 that Ukrainian refugees in Latvia should be aware of impending changes to the exchange rate between Ukrainian hryvni and euros.
The Latvian banking sector, which is trying to regain international trust after extensive reforms to the financial system, must now expect extra attention due to Russian sanctions and related issues, LTV investigative show De Facto reported November 6.
The Council of Europe Development Bank (CEB), which currently participates in financing the construction of the University of Latvia’s (LU) eye-catching House of Letters, said November 3 it is ready to continue supporting infrastructure projects in the Baltic countries, particularly wth regard to ensuring sustainable development and climate neutrality.
The Latvian central bank (Latvijas Banka), industry body the Finance Latvia Association and the banks with the widest network of ATMs and branches in the country – Swedbank, SEB, Luminor and Citadele – have agreed to continue implementing measures ensuring access to cash for residents of Latvia in 2023, the central bank said in a release October 31.
The Latvian central bank, Latvijas Banka (LB) revealed October 28 that it will release a special coin to mark its own centenary. 1 November 2022 marks the 100th anniversary of the establishment of Latvijas Banka.
The Latvian central bank, Latvijas Banka (LB) is gearing up for its annual conference on November 3, which will feature the participation of European financial sector leaders to mark its centenary.
There has been no visible progress in negotiations between the Latvian Ministry of Finance with colleagues from the U.S. Department of the Treasury regarding the withdrawal of some statements which were presented in the 2018 sanctions decision taken by the U.S. against ABLV bank, LTV's De Facto reports.
About half a billion euros have been borrowed in the so-called 'fat years' before the 2008 economic crisis, and still owed to banks by those hit by the crisis. Banks are now allowed to unilaterally delete these debts, but a large proportion of debtors have chosen to escape from this trouble by moving abroad, Latvian Radio reported on October 18.
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