List of Banks in Latvia
Latvia is a country in the Baltic region
of Northern Europe. It is bordered to the north by Estonia (border
length 343 km), to the south by Lithuania (588 km), to the east by the
Russian Federation (276 km), and to the southeast by Belarus (141 km).
Across the Baltic Sea to the west lies Sweden. The territory of Latvia
covers 64,589 km2 (24,938 sq mi) and it has a temperate seasonal climate.
The Latvians are Baltic people culturally related to the Estonians and
Lithuanians, with the Latvian language having many similarities with
Lithuanian, but not with the Estonian language (a Finnic language).
Today the Latvian and Lithuanian languages are the only surviving
members of the Baltic languages of the Indo-European family. The modern
name of Latvia is thought to originate from the ancient Latvian name
Latvji, which, like the name of Lithuania, may have originated from the
river named Latuva. The country is also the home of a
large Russian minority of whom many are non-citizens.
The commercial banking sector
is controlled by the Bank of Latvia, which is an institution
independent of the Latvian government. The Bank of Latvia
was founded in August of 1990.
Latvian banks are working in accordance with the common
principles of banking secrecy. The Latvian Credit
Institutions Law was recently amended with the rules of
provision the information by the credit institutions to
state institutions, state officials and other institutions.
These amendments were affected by the Council of Europe
Convention on Laundering, Search, Seizure and Confiscation
of the Proceeds of Crime and on the Financing of Terrorism
and developing court practice.
For those who are interested in information about Latvia and
its financial system, on these pages we added some other
interesting things. Latvian banking sector cannot be taken
separately from Latvian economy and its current situation,
which is not very simple, by the way. The economy is, of
course, related to politics very much, and there is some
information for tourists and visitors, and statistics for
the last years taken from official and non-official sources.
Latvia is an integral part of European political, economic
and cultural life. Since 1999, Latvia is a member of the
World Trade Organization, and in 2004 the country became the
member of NATO and the European Union. Latvia plans to enter
the Euro zone but, because of the inflation level being
above the guidelines, introduction of Euro was postponed.
Bank of Latvia
Akciju komercbanka "Baltikums"
Baltic International Bank
Citadele banka Former Parex banka
Danske Bank also known as Sampo Banka
DnB NORD Banka
GE Money Bank Former Baltic Trust Bank
LTB Bank Former Latvijas tirdzniecibas banka
Latvijas Biznesa banka
Latvijas Hipoteku un zemes banka
Latvijas Pasta Banka
Nordea Bank Finland Plc, Latvian Branch
Regionala investiciju banka
SMP Bank Former Multibanka
Bank SNORAS Latvia branch
Svenska Handelsbanken AB, Latvia Branch
Swedbank Former Hansabanka
List based on Participants of the Bank of Latvia Settlement
Systems listed on the Bank of Latvia website