ALCB Members Approve Social Charter of Banks, New Council of Association, and Change Strategy, 17.06.2016

At the meeting of June 16 of members of Association of Latvian Commercial Banks (ALCB), guidelines “Social Charter of Banks” for self-regulation of the banking field was approved, a new council of the Association was elected, and a change strategy of ALCB received the members’ support.

Payment Card Transactions Increased by 10%, 10.06.2016

Within a year, the number of transactions with payment cards that are issued by Latvian banks has increased by 10%, as shown by data summarised by Association of Latvian Commercial Banks (ALCB). The number of the transactions with payment cards in the first quarter of 2016 was 68.8 million amounting to the total sum of 2.34 billion euros.

Riga - One of the Global Finance Centres, 02.06.2016

For the very first time, Riga has been included in the Global Finance Centre Index taking the 71st place of a total of 86 global financial centres.

By 77% More Mortgage Credits in the First Quarter, 10.05.2016

Within the first three months of this year, Latvian banks have issued new mortgage loans for the total amount of 91.5 million euros to households, that is by 77% more than in the relevant period last year.*

Within the First Three Months, Banks have Credited Latvian Companies in the Amount of 312 Million Euros, 09.05.2016

Within the first quarter of this year, Latvian banks have credited development projects of Latvian companies amounting to 312 million euros, which is by 8% more than in the relevant period of 2015.*

FCMC: People’s confidence in the financial sector and its supervisor has grown, 11.04.2016

Financial and Capital Market Commission (FCMC) in collaboration with market and public opinion research center SKDS has conducted an annual survey of Latvia’s inhabitants’ confidence in financial institutions and knowledge of financial market supervision. The survey results show that there is a growing number of inhabitants who have generally neutral and trustful attitude towards the providers of financial services in the Latvian market, reaching an average 52% (50% in 2015). During the year, the level of trust has increased in all the institutions included in the survey, indicates the survey performer SKDS.

Latvias inhabitants amongst the most active users of internet banking in the EU, 06.04.2016

Latvia’s inhabitants are 24% more active in using internet banking than the European Union (EU) average, with 81% of Latvians banking online compared with 57% for the EU as a whole. For the second year running, Latvia holds 6th place in the region. Only the inhabitants of Scandinavia and Estonia are more active according to the European Commission’s “Digital Economy and Society Index” (DESI) for 2016.

Fourth FINANCIAL EDUCATION WEEK in Latvia March 14–20, 14.03.2016

This year, in cooperation with partners the Financial and Capital Market Commission (FCMC) will organise the FINANCIAL EDUCATION WEEK 2016 (FEW 2016) for the fourth time, traditionally held simultaneously with other financial literacy activities elsewhere in the world: The Fifth Global Money Week of Child and Youth Finance International (CYFI) and The Second European Financial Week held on the initiative of the European Banking Federation.

Within ten years almost 900 AML/CFT certified bank employees in Latvia, 10.03.2016

Since December 2005, 886 employees of Latvian banks have attended training courses on the anti-money laundering and counter terrorist financing (AML/CFT), organised by the Association of Latvian Commercial Banks (ALCB) and have obtained certificates on the improvement of their knowledge and skills on several levels.

Rietumu Bank withdraws its membership from the Association of Latvian Commercial Banks, 09.03.2016

On March 8, Rietumu Bank informed the Association of Latvian Commercial Banks (ALCB) on its intent to withdraw its membership from the Association. The decision of Rietumu Bank is connected with its business objectives and has nothing to do with the agenda and topicalities of ALCB.
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