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Bank of Latvia

Logo Bank of LatviaThe Bank of Latvia (Latvijas Banka) is the central bank of the Republic of Latvia. Bank is an independent institution that sets and executes monetary policy, manages the foreign currency and gold reserves, emits cash currency and ensures the functioning of the interbank settlement systems, and compiles financial statistics. The Bank of Latvia is a participant in the European System of Central Banks.

The objective of the operation of the Bank of Latvia as the central bank is price stability promoting Latvia's long-term economic growth. The Bank of Latvia is an active and responsible participant of the European System of Central Banks, promoting integration and stability of the financial systems of Latvia and other EU countries.

These ads are not affiliated with Bank of Latvia
Headquarter Riga, Latvia
Key People Ilmars Rimsevics (Governor)
Website www.bank.lv/en/
Head Office K. Valdemara iela 2A, LV-1050, Riga, Latvia
Phone (+371) 6702 2300
Fax (+371) 6702 2420
SWIFT (BIC) LACBLV2X
Founded 1922
ID: 155. Updated: 01.01.2014

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Financial News
 China Overtakes the USA as the World’s Largest ATM Market

04.04.2014 Chinese Financial News, an authoritative media of financial industry in China, released the report of Chinese ATM Market Overview 2013. Source: GRG Banking Equipment

 The Global Islamic Microfinance Forum Ready to Set New Standards

16.09.2013 The Forum will determine the Standards and strategic policies for Sustainable Islamic Microfinance Development. Source: AlHuda Centre of Islamic Banking and Economics

 New Chairman for Mediterranean Bank Network (MBN)

17.05.2013 Mr. Hassan El Basri has been elected as chairman of the Mediterranean Bank Network (MBN). Source: Mediterranean Bank Network

 Islamic banking assets to surpass $1.8 trillion globally in 2013

05.02.2013 Global Islamic banking assets are forecast to cross $1.8 trillion in 2013 up from $1.3 trillion in 2011, Ernst & Young said in its World Islamic Banking Competitiveness Report 2013. Source: zawya.com

 No more queues in front of ATMs

23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.

 Swiss bank Wegelin & Co. to close after US tax evasion fine

04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC

 Banks seen shrinking for good as lay-offs near 160,000

16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters

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