Profit of Latvian financial institutions - 29.5 million euros
Latvian monetary financial institutions reported a profit of €29.5 million in January, an 18.5% decrease from the same period in 2025 according to Latvia's central bank data.
Kazāks: The idea of withdrawing second-pension-level savings is populism with painful consequences
Latvian Bank President Mārtiņš Kazāks warns that allowing the withdrawal of second-pension-level savings would primarily benefit short-term expenditures and adversely affect less affluent citizens.
Listing shares of state-owned companies on the stock exchange would allow residents to invest in Latvia, says Kazāks
Latvian Bank President Mārtiņš Kazāks believes that listing shares of state-owned enterprises would enable local residents to invest in Latvia and improve governance.
Report: The recovery of Ukraine will cost almost 600 billion US dollars
A report from the World Bank and other organizations estimates that the damages in Ukraine due to Russia's invasion total $195.1 billion, with significant losses in housing and infrastructure.
Europe Delays Its Own Growth, Says President of the Bank of Latvia Kazāks
The President of the Bank of Latvia, Mārtiņš Kazāks, stated that Europe's fragmentation hampers its growth and threatens both security and prosperity.
LIVE: Discussion 'Is the Critical Threshold of National Debt Close?'
The discussion continues the series of expert conversations by the Bank of Latvia on crucial economic issues.
VIDEO: Discussion 'Is the Critical Debt Threshold Near for the State?'
A discussion led by experts from the Bank of Latvia examines the country's debt dynamics and the role of government debt in stimulating economic activity during downturns.
Economist Kasjanovs Approved by the Fiscal Discipline Council
Economist Kasjanovs has been confirmed as a member of the Fiscal Discipline Council in Latvia following a nomination by the President of the Bank of Latvia and the Minister of Finance.
Newspaper: Lagarde may leave the position of ECB president before the end of her term
Christine Lagarde, President of the European Central Bank, may leave her position before the upcoming French presidential elections next year, according to the Financial Times.
Zlata Elksniņa-Zaščirinska has replaced Ramona Miglāne on the board of Indexo Bank
Zlata Elksniņa-Zaščirinska has taken over from Ramona Miglāne on the board of Indexo Bank, as recorded in the Company Register.
Media: European Central Bank President Lagarde Might Resign
Christine Lagarde may resign from her position as President of the European Central Bank before the upcoming French presidential elections in April next year.
The Guardian: British banks want to accelerate the creation of an analogue to the payment systems 'Visa' and 'Mastercard'
British bank leaders are planning a meeting to discuss creating a national alternative to international payment systems 'Visa' and 'Mastercard'.
Mintos Begins Process of Obtaining Banking License from ECB
Latvian investment platform Mintos has initiated the process of acquiring a banking license from the European Central Bank (ECB).
Bank "Citadele" earned a provisional 72.72 million euros last year
Bank "Citadele" reported a provisional profit of 72.72 million euros for the last year, marking a 2.9% increase compared to 2024, while its group's profit fell by 9.2%.
Israel continues the takeover of Palestinian-populated occupied West Bank lands
Israel's government has approved a decision requiring those with land claims in the designated 'Area C' of the West Bank to submit supporting documents, leading to potential serious issues for Palestinian land ownership.
17.8 Million Euros of Criminally Acquired Funds to be Allocated to the State Budget
The Riga District Court has ruled that €17.8 million in criminally acquired funds from ABLV bank accounts will be allocated to the state budget.
"Rīgas ūdens" agrees with the Nordic Investment Bank on the possibilities of receiving a loan up to 50 million euros
"Rīgas ūdens" has signed a contract with the Nordic Investment Bank for a loan limit of up to 50 million euros to support its investment programs.
Last year, young people were issued less than 4% of non-bank creditors' loans, says association
In 2022, individuals under 21 were granted less than 4% of loans from non-bank creditors in Latvia, highlighting significant barriers for this age group.
A Latvian citizen accused of providing programming services to a company in Russia
A Latvian citizen is being investigated for violating EU sanctions by providing programming services to a Russian company and receiving payments through an account at a sanctioned bank.
Mass withdrawal of funds from the second level pension system would be a strategic mistake, warn banks
Bank representatives caution that mass early withdrawal of savings from Latvia's second level pension system could significantly increase the risk of poverty among future retirees.
Latvian Bank will enhance and streamline the operation of its maintained Credit Register
The Latvian Bank is reducing the time for entering client obligations in the Credit Register from five days to three, aiming to improve efficiency and information exchange with credit bureaus.
Latvian Bank urges commercial banks to improve the quality of customer service
Latvian Bank is encouraging commercial banks to enhance customer service quality by focusing on clear communication and understandable product descriptions.
The Bank of Latvia urges commercial banks to improve customer service quality
The Bank of Latvia is advocating for enhancements in customer service quality among commercial banks, focusing on clear communication and understanding of product offerings.
The trial against former officials of 'ABLV Bank' for tax evasion continues in court
The Riga City Court is continuing to hear a criminal case against former officials of ABLV Bank regarding tax evasion.
Kenya warns against making bouquets from banknotes
Kenya’s Central Bank has issued a warning against the practice of creating money bouquets, stating that it damages currency and can lead to imprisonment.
The regional court orders former "Krājbankas" officials to pay 43 million euros
The Rīga Regional Court has ruled in favor of the liquidated AS "Latvijas krājbanka," allowing it to claim 43 million euros in damages from eight former bank officials.
EBRD investments in the Baltic states reached a record last year
The European Bank for Reconstruction and Development (EBRD) reported that its investments in the Baltic states reached a record high of 654 million euros last year, with Latvia, Lithuania, and Estonia seeing significant increases in funding for various projects.