The Bank of Latvia was established in 1922 and it is the central bank of Latvia. The bank of Latvia is the country’s central monetary authority. It also supervises Latvian banks and advises the government of the country on the implementation of monetary policy. The bank of Latvia plays an important role in ensuring price stability, implementing monetary policy, and is responsible for issuing currency, maintaining foreign exchange and perform other banking related duties. In this post, you will get all the links and information about Banks in Latvia.
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The Central Bank of Latvia
At a glance the Central Bank of Latvia all information
Established: 7 September 1922
Ownership: 100% state ownership
Governor: Mārtiņš Kazāks
Central bank of Latvia
Reserves: 3 050 million USD
Preceded by: State Savings and Credit Bank
Succeeded by European Central Bank
List of all banks in Latvia
The central bank of Latvia’s name is Bank of Latvia. Under Bank Latvia there are 12 local Banks is controlled by the Central Bank. Besides these 12 banks, there are many foreign banks. The principal objective is to regulate currency to its country and it is the key function of the central bank. Local banks accept and deposit money for their country’s people.
- Rietumu Banka
- Citadele Banka
- Norvik Banka
- Baltic International Bank
- LPB Bank
- Signet Bank
- Meridian Trade Bank
- Reģionāla investīciju banka
- SEB banka
Foreign commercial banks Latvian branches
- Svenska Handelsbanken
- Danske Bank
- OP Corporate Bank
- Scania Finans Aktiebolag
- Luminor Bank Latvia Branch
Banks in Liquidation
For those who consider a career in the banking sector in Latvia, this is the top list of banks in Latvia is very helpful on where to start. To get more information, please refer to our list of financial institutions in Latvia.
Baltic International Bank It is one of the private appropriate banks in Latvia which was established in 1993. The bank headquarters is in Riga. It offers wealth management services and private banking for its customers. Also, the bank provides high-quality economical products and services to its customers.
BlueOrange Bank The bank was established in 2001 and its headquarters is located in Riga. BlueOrange Bank provides a wide range of economical and advisory services including corporate banking, personal banking, brokerage, investment banking services and financial advisory etc. There are 340 employees are serving throughout the country’s customers.
Citadele Bank Citadele bank is one of the rapidly growing banks provides services to domestic and foreign customers in Latvia. The bank offers products and services for retail banking, private banking and corporate banking. The bank was established to take over the available assets of Parex Bank, which was after the state-managed split in 2010.
Swedbank Latvia Swedbank Latvia was established in 1992. The bank serves nearly one million private customers and more than 71,000 companies and has a network of approximately 50 branches and 400 ATMs throughout the country. The bank provides economical services to corporate and retail clients in Latvia.
Meridian Trade Bank Meridian Trade Bank was established in 1994 and its headquarters is in Riga. The bank provides services to individuals and businesses in Latvia through a wide range of banking and economical products and services. The universal bank was previously known as SMP Bank.
Norvik Banka Norvik Bank was established in 1992 and is one of the oldest commercial banks in Latvia. The bank is a subsidiary of the Norvik Group, a building materials company. It provides a wide range of services in trade and investment, corporate banking and retail banking.
SEB Banka SEB Banka was founded in 1993 and is a member of the Swedish financial group SEB Group. It is one of the biggest banks in Latvia. The bank provides private, individual, corporate banking and services to individuals, businesses, companies and organizations.
Rietumu Banka Rietumu Banka is one of the largest banks in Latvia. The bank was established in 1992 and its headquarters is in Riga. Rietumu Bank has representative offices in Russia, Romania, Ukraine, Belarus, France and Kazakhstan. The bank provides wealth management, brokerage and consulting services to its customers.
These are the best and selected banks in Latvia. You can visit the banks as you need. All the links and information are updated herewith.