|ABLV Bank||Latvijas Banka||Latvijas Krajbanka||Parex bank|
ABLV Bank, headquartered in Riga, is one of the three largest banks in the country in terms of the amount of assets. The company was formerly known as Aizkraukles Banka and changed its name to ABLV Bank in 2011. The company’s total assets amounted to EUR 3.850 billion at December 2016.
Baltic International Bank – A Latvian private bank established in 1993 and headquartered in Riga. As of December 31, 2016, it had total assets of approximately EUR 308 million and total clients' funds of EUR 444 million.
Baltikums Bank – An international private bank established on June 22, 2001. The Bank’s primary lines of business are managing the capital of high net worth individuals, banking, investment and lending services.
Danske Bank A/S Latvia Branch is a part of Danske Bank Group, the largest bank in Denmark and one of the leading financial institutions in northern Europe.
AS DNB banka – One of the largest universal banks in Latvia in terms of assets, deposits and loans. It has two subsidiaries: SIA DNB līzings and IPAS DNB Asset Management. As of September 30, 2015, it had total assets of EUR 2.392 billion. AS DNB banka 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. It is one of the oldest banks in Latvia with a branch in Cyprus and a representative office in Hong Kong. The Bank’s assets at the end of June 2015 amounted to EUR 412.917 million.
GE Money Bank AS transferred its products to Citadele Bank. Citadele took over current accounts, deposits, saving accounts and performing loans. GE Money Asset Management funds and pension funds also moved to Citadele Asset Management. GE Money Bank changed its name to GE Capital Latvia in November 2013.
Handelsbanken 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, payments and cash management, online banking and 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. ALTUM operates 9 branches and 16 Development Programme Consulting Centres.
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, LBB) – The 100% of LBB shares were acquired by Andrey Vdovin, a Russian banker and one of the co-owners of the VMHY Group (includes M2M Private Bank and ATB Bank). In July 2013, Latvijas Biznesa banka was renamed Bank M2M Europe.
Latvijas Krajbanka – A Latvian bank founded in 1924 as the Latvian Postal Savings Bank. In May 2012, the Council of the Financial and Capital Market Commission decided to cancel the banking license issued to AS Latvijas Krājbanka.
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.
Meridian Trade Bank (formerly SMP Bank) – A Latvian bank established in April 1994. It has over 25 domestic branches and offices in Russia and Lithuania. The company was formerly known as SMP Bank and changed its name to Meridian Trade Bank in 2014. As of June 30, 2015, Meridian Trade Bank had total assets of EUR 271.953 million.
Nordea Latvia Branch provides a full range of banking products and financial services to corporate and private customers.
Norvik Banka (formerly known as Lateko Banka) – One of the ten largest banks in Latvia with total consolidated assets of over 1 billion EUR.
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.
AS PrivatBank – A subsidiary of Ukrainian PrivatBank International Banking Group, the largest commercial bank in Ukraine in terms of assets, loans and number of customers.
Regionala investiciju banka (RIB) – A Latvian bank established on 14 September 2001. It provides financial services to corporate and retail customers in Latvia and Ukraine. Regionala Investiciju Banka operates as a subsidiary of Pivdennyi Bank which owns 52.2% of the shares. Pivdennyi Bank is the largest and the most stable private bank in the south of Ukraine.
Reverta (formerly Parex banka) – A professional manager of distressed assets. On 30 June 2015 Reverta’s total assets amounted to EUR 194.9 million. The company was formerly known as Parex banka and changed its name to Reverta in 2012.
Rietumu Banka – A leading private bank in the Baltic States. It offers a wide range of banking products and services for corporate clients and high net worth individuals. It has representative offices in France, Russia, Romania, Ukraine, Belarus and Kazakhstan. As of June 2015, Rietumu Banka had total assets of EUR 3.629 billion, current accounts and deposits of EUR 3.189 billion and approximately 970 employees.
SEB banka (formerly Latvijas Unibanka) – One of the largest banks in Latvia. As of September 30, 2015, the company had total assets of EUR 3.618 billion.
Swedbank AS, Latvia – One of the leading financial institutions in Latvia. As of September 30, 2015, it had total assets of EUR 5.276 billion and loans and advances of EUR 3.148 billion.
Trasta Komercbanka (TKB) – The oldest private bank in Latvia founded in 1989. The priority of the Bank is exclusive banking services for private individuals and companies. TKB has branches in Liepaja and Daugavpils and a foreign branch in Cyprus. As of June 2015, TKB’s assets amounted to EUR 582.804 million.
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 2010, VEF bank had LVL 4.9 million in assets and 170 depositors, only 20 of whom had account balances greater than LVL 1,000.