List of banks in Latvia

This list is based on information from Financial and Capital Market commission. ^[1] Latvia's four largest banks are Swedbank, SEB Group, Citadele Banka and Luminor. ^[2] In 2023, Swedish Swedbank and SEB Group held more than half of Latvia's banking market. ^{[3] [4]}

The largest banks and financial institutions in Lithuania, Latvia and Estonia are largely the same and mostly dominated by Swedish companies. ^{[5] [6] [7]}

Central bank

• Bank of Latvia
• Valsts Kase

Commercial banks

English name [8]	Call name	Licence date	Majority Owner	Capital	Website
Akciju sabiedrība "Citadele banka"	Citadele	30 June 2010	Ripplewood Advisors LLC		citadele.lv
Magnetiq Bank	Magnetiq Bank	5 September 2008	Signet Bank
Akciju sabiedrība "Reģionālā investīciju banka"	RIB	14 September 2001	SKY Investment Holding		ribbank.com
Akciju sabiedrība "Rietumu Banka"	Rietumu	5 September 2008	Esterkin Family Investments		rietumu.com
BluOr Bank AS	BluOr Bank AS	12 June 2001	BBG AS
AS "Industra Bank"	Industra	6 May 1994	J.A. Investment Holding		industra.finance
AS "SEB banka"	SEB	29 September 1993	SEB AB		seb.lv
Baltic International Bank SE	BIB	3 May 1993	Belokon family		bib.eu
Luminor Bank AS	Luminor	2 January 2019	Luminor Bank		luminor.lv
Signet Bank AS	Signet Bank	26 May 1992	Signet Acquisition III LLC		signetbank.com
"Swedbank" AS	Swedbank	7 September 1998	Swedbank AB		swedbank.lv

Foreign commercial bank Latvian branches

^[9]

• Svenska Handelsbanken
• Bigbank
• OP Corporate Bank
• Scania Finans Aktiebolag
• Luminor Bank Latvia Branch

Defunct Banks

^[10]

• ABLV Bank
• Expobank
• Sakaru banka
• PNB Banka
• Reverta
• PrivatBank
• Trasta Komercbanka

References

1. "FKTK - Home page". Archived from the original on 2016-12-25. Retrieved 2016-12-21.
2. "Latvia's 4 largest banks undecided about appealing bill on support to mortgage borrowers". baltictimes.com. 2023-12-18. Retrieved 2024-01-05.
3. "Industry data". Finance Latvia. 2022-10-27. Retrieved 2024-01-05.
4. "Latvia". Major Banks of Latvia. Retrieved 2024-01-05.
5. "Swedes poised to become Baltic banking leaders". baltictimes.com. 1998-11-26. Retrieved 2024-01-05.
6. "Banks pile in to join Baltic boom". The Banker. 2005-07-03. Retrieved 2024-01-05.
7. Hanson, Maivi (2007-04-17). "Overview of Baltic Banking Market". The Global Treasurer. Retrieved 2024-01-05.
8. "Banks" . Retrieved 2021-12-15.
9. "FKTK - Freedom of Establisment [sic]". Archived from the original on 2016-12-22. Retrieved 2016-12-21.
10. "FKTK". FKTK.