ALCB: Latvia has no obstacles to make the beneficial ownership register available to public, 20.06.2017

The Association of Latvian Commercial Banks (ACLB) has concluded, after the conducted legal research, including analysis of international legal acts and foreign practice, that Latvia has no obstacles for making the information included in the beneficial ownership register available to public, which would promote effectiveness of identification and detection of beneficial owner.

Latvia's financial industry associations submit proposals to the European Commission on promotion of innovation in the European financial sector, 07.06.2017

Common European Union (EU) regulations and uniform provisions for all providers of financial services, greater access to public registers on EU level to identify and assess the creditworthiness of a person as well as quicker introduction of remote identification across EU and in Latvia. These are some of the key proposals that were submitted to the Vice - President of the European Commission (EC) Valdis Dombrovskis on June 5 by nine financial industry associations of Latvia.

Crediting amount in Latvia has a positive influence on economical growth, 03.04.2017

In 2016 companies were credited by a third (34%) more when compared to 2015. The amount of new private crediting has also increased by 37%. In 2016 companies were reissued almost 1.8 billion euro and individuals were issued 709.6 million euro. If the dynamics of funding demand will remain as positive as last year, it will have a positive influence on economical growth.

The latest banking sector statistics is published, 20.03.2017

The Association of Latvian Commercial Banks has released the latest Latvian banking sector statistics for 2016, including the banking sector’s total assets, liabilities, profit and loss statement, payment card statistics and banks’ individual un-audited data, including balance sheet data, financial indicators and general data on number of clients. For more information, see the Statistics section on the ALCB website www.lka.org.lv.

INFOGRAPHICS: Latvian banking sector performance 2016, 08.03.2017


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