Banks in Latvia


Aizkraukles banka	Latvijas Banka	Latvijas Krajbanka	Parex bank

Aizkraukles Banka – Headquartered in Riga, it is the largest independent private bank in Latvia in terms of both assets and deposits. The company changed its name to ABLV Bank, AS in 2011. The Bank’s total assets amounted to LVL1.89 billion (US$3.42 billion) at March 31, 2012.
Baltic International Bank – A Latvian private bank which offers standard banking services, investments and family wealth management. As of December 31, 2011, the Bank had approximately 232.7 million lats in total assets.
Baltikums Bank – An international private bank established on 22 June 2001. A controlling stake in the Bank is owned via BBG by the holdings of brothers Aleksandrs Peškovs and Sergejs Peškovs.
Danske Bank Latvia is a part of Danske Bank Group, the largest bank in Denmark and one of the leading financial institutions in northern Europe.
DNB Banka – One of the largest universal banks in Latvia in terms of assets, deposits and loans. It was formerly known as DnB NORD Bank and changed its name on November 11, 2011. The company operates as a subsidiary of DNB, the largest financial group in Norway and one of the leading financial institutions in the Nordic region.
Expobank (formerly LTB Bank) provides financial services to retail and corporate customers in Latvia. The Bank’s assets at the end of March 2012 amounted 408.148 million lats (US$740.5 million).
GE Money Bank commenced operation in Latvia in 2008 after uniting the existing AS GE Money and AS Baltic Trust Bank. As of March 31, 2012, AS GE Money Bank had EUR 157.173 million in total assets.
Handelsbanken Latvia – The Bank has been operating in Latvia since 2008. It offers a wide range of financial services including current accounts, term deposits, consumer and business loans, debit and credit cards, online banking and much more.
Hipoteku banka (Mortgage and Land Bank of Latvia) – A joint-stock company incorporated in the Republic of Latvia. The holder of 100% of Bank's shares is the Ministry of Finance. In the Latvia there are 21 banks and 8 subsidiaries of foreign banks. The Mortgage Bank is the only 100% state-owned bank.
Latvijas Banka (Bank of Latvia) – The central bank of Latvia established on September 7, 1922. In December 2001, Ilmars Rimsevics was appointed Governor of the Bank of Latvia.
Latvijas Biznesa banka (Latvian Business bank) provides financial services for retail and corporate customers. In 2011, Latvijas Biznesa banka transferred the part of its business to AS Eesti Krediidipank Latvijas filiāle.
Latvijas Krajbanka – A Latvian bank founded in 1924 as the Latvian Postal Savings Bank. In December 2011, Latvijas Krājbanka was declared insolvent, and SIA "KPMG Baltics" was approved as the insolvency administrator.
LTB Bank (former Latvijas tirdzniecibas banka) – On May 2, 2012, LTB Bank started operating under a new brand name – Expobank. As at 31 March 2012, Igor Kim, citizen of the Russian Federation, was the sole shareholder of LTB Bank.
Nordea Latvia
NORVIK BANKA (formerly known as Lateko Banka) – One of the largest banks in Latvia with total consolidated assets of approximately US$1.2 billion.
Parex Bank (now Reverta) – A Latvian bank established in 1992. It has branches and offices in 14 countries including Germany, Sweden, Switzerland, Japan, Russia, Ukraine, Azerbaijan, Estonia and Lithuania. The Bank changed its name to Reverta in May 2012.
PrivatBank (Latvia) – A subsidiary of Ukrainian PrivatBank, the largest commercial bank in Ukraine in terms of assets, loans and number of customers.
Regionala investiciju banka – A Latvian bank established on 14 September 2001. It provides financial services to corporate and retail customers in Latvia, Ukraine, and Bulgaria. Regionala Investiciju Banka operates as a subsidiary of Pivdennyi Bank which owns 77.6% of the shares. Pivdennyi Bank is the largest private bank in the south of Ukraine.
Reverta (known as the Parex Bank until May 10, 2012) – One of the leading managers of distressed assets in Central and Eastern Europe with assets of approximately EUR 1.0 billion.
Rietumu Banka – One of the largest banks in the Baltics States, specialized in corporate banking and affluent individuals. The Bank’s total assets amounted to LVL1.396 billion (US$2.5 billion) at the end of 2011.
Rigas Komercbanka
SEB banka (formerly Latvijas Unibanka) – One of the largest banks in Latvia. As of March 31, 2012, the Bank had LVL2,436.431 million (US$4.4 billion) in total assets.
SMP Bank – A Latvian bank established in April 1994. It has 25 domestic branches and offices in Russia, Ukraine and Lithuania. As of March 31, 2012, the company had 144.620 million lats (US$261.4 million) in total assets.
Swedbank AS, Latvia – One of the leading financial institutions in Latvia. It has 60 branches and 395 ATMs across the country. As of March 31, 2012, Swedbank in Latvia had LVL 3,384.978 million (US$6.1 billion) in total assets.
Trasta Komercbanka (TKB) – The oldest private bank in Latvia founded in 1989. As of 31 March, Trasta komercbanka’s assets amounted to LVL 289.92 million. The Bank has two branches in Liepaja and Daugavpils and a foreign branch in Cyprus.
UniCredit Bank Latvia – AS “UniCredit Bank” started its business in Latvia in 1996. It provides a broad array of financial services including current and savings accounts, term deposits, loans, credit cards, treasury products, leasing, and insurance.
VEF Banka – In May 26 , 2010, the Financial and Capital Market Commission annulled VEF banka’s license. As of May 5, 2010, VEF bank had LVL4.9 million in assets and 170 depositors, only 20 of whom had account balances greater than LVL1,000.