What is private banking?

Private banking is a package of financial and non-financial services for private customers possessing substantial capital or other assets, which under contract with the Bank, are provided with private banking services. Private banking service includes all classic banking service, investment operations, tax-related, insurance and legal services and private asset management and planning.

How can I manage my account?

You will be always welcomed at central office of the Bank in Riga. You can manage account either visiting the Bank in person or using the remote control system – InternetBank.

Why I must fill in a great deal of documents and answer so many questions?

To meet the requirements established by authorities regulating the financial sector, we must have information about our customers. For example, we need to know origin of your assets to prevent the Bank from being involved in illegal money laundering.

However, availability of your detailed information at the Bank is the certain advantage for you too, since the more we know about you, the better service we can offer to you.

What documents do I need to open an account?

To open an account for your name or the name of your company, we need to acquaint with a number of documents, including your identity documents and registration documents for the company, other documents as mentioned in relevant section on our homepage. Information on our service pricing is also available on the website or you can receive it contacting the private banker or personal manager. 

What are the principles and advantages of the Latvian banking system?

Latvian banks ensure protection of private person rights and personal data about depositors in accordance with the fundamental principles and standards of the European banking laws and international regulations.

Local banks have rich experience in international customer handling providing the European high-class  services.

Latvian banks conquered popularity all over the world as a reliable and advantageous partner, but capital of Latvia – Riga is justifiably acknowledged the regional financial centre of the North West Europe.

Latvian banking system is based in the modern financial laws accounting the latest requirements to financial risk management and prevention from illegal money laundering.

What is the minimum investment for account opening?

We have various programs for wealthy people with the advised requirements to minimum investments basing on economical feasibility of these or those transactions on financial markets.

For private individual minimum investment amounts to 25 thousand EUR, but for legal entity – 100 thousand EUR. Regarding other products and services requirements to minimum deposit vary depending оn benefits from customers’ participation in these or those investment transactions on the world financial markets.  

How and when can I make a deposit?

You can make a deposit by any legal way provided availability of the required documents. We open an account as soon as receive all duly executed documents for account opening, which are prescribed by the laws.