PrivatBank (Latvia)

The AS Private Bank ( formerly AS " PARITATE BANKA " own notation AS "Private Bank") is a public company founded in 1992, the Latvian law and one of the oldest banks in Latvia. Since 2007, the private bank is a subsidiary of the Ukrainian bank JSC commercial bank private bank. The office is located in Riga. CEO is Oleksandr Trubakov. It employs 322 employees.

Market presence in Latvia

On the Latvian market is a private bank with 15 branches in the largest cities present and offers services for private and corporate customers. The offer of the Bank comprises accepted Visa credit and debit cards, cash investments with different conditions, credit and documentary transactions, asset management and money transfer services worldwide. About the standardized banking products, the bank also offers package solutions for specific target groups such as sailors and their families, minors or seniors.

In addition, corporate customers are addressed. Due to the relatively small market size and the high diversity of the banks, the private bank specializing in the care of foreign corporate clients.

Market presence in the rest of Europe

The private bank is represented abroad with two branches in Portugal and Italy.

The Bank's activity is regulated by the Financial and Capital Market Commission in Latvia, for the activities in the German market this was at the German Federal Financial Supervisory Authority (BaFin ) account. The range of services for the German market currently includes investments, credit cards, money transfer services and asset management for private and business customers.

Despite relatively high interest rates for overnight and fixed money it takes Finanztest the end of 2012 not in his hit list to the doubts on the capacity of the Latvian deposit insurance should exist.

History

The bank was founded in 1992 as AS " Paritate Banka " as one of the first Latvian commercial banks. In 1999, the introduction of online account management, Visa cards were first issued in 2000.

In 2001, the Ukrainian was SAO KB Private Bank main shareholder of " Paritate Banka ". Six years later, she took the name of the principal shareholder and became the AS private bank. Between 2007 and 2010, the Customer has been expanded and enhanced the online banking to a mobile app. 2010 a branch and two branches were opened in Portugal, followed in 2010 a branch in Italy.

Awards

• Price of Deutsche Bank "STP Excellence Award 2007" for impeccable quality of outgoing payments in EUR and USD (2008)

Trivia

Private Bank is participating in the environmental program " Clean environment " of their parent company.