The private bank AS Akciju sabiedriba komercbanka Baltikums started its business in the 90s thanks to the joint efforts of present shareholders of Baltikums Bank and Insurance Group, who are experts in the marine and insurance business. Acting as founders and managers in a number of Latvian and international financial investment and production companies since 1991, the Bank founders have gained a valuable experience in investment and risk management, asset management, capital safe keeping and accumulation.
This was a good starting point to establish a new bank and bank holding in Latvia in 2001, which would specialize in bank and investment services to affluent clients and owners of private businesses operating primarily on the world market. Our first clients were ship owners, shipping agents, cotton and oil dealers, warehouse and logistic center owners.
Development of the Latvian economy facilitated the establishment of a bank that would mostly work with international clients. The bank sector that renders competitive services to individual and corporate clients has already been formed in Riga by that time owing to its strong transit business tradition and opportune geographic location. The country became a full-fledged EU member state in 2004; and Riga turned into a regional bank center. The stable political regime and legislation resulted in an influx of foreign investments into the Baltic States, a rapid GDP growth and an appearance of skilled professionals in a number of spheres.
Since then AS Akciju sabiedriba komercbanka Baltikums has developed into a modern dynamic bank institution, with a precise strategic aiming at private European and international clients and the below business branches:
Private Banking: we offer asset management, property management services to affluent private clients as well as consulting in trusteeship, inheritance, financial, insurance and tax planning matters.
Corporate Banking: we provide custom bank services, investment management, project financing and consulting in selected branches of economy to companies.
Investment Banking: we offer financial consulting, direct investment and real estate investment management services to both individual and corporate clients.
In addition to corporate center bank services offered in the Old Town of Riga, we have offices in Moscow and St. Petersburg (Russia), Kyiv (Ukraine) and Almaty (Kazakhstan). At these offices, you may receive consulting services with regard to any banking issues that may be of interest to our clients.
