How to open a bank account in Latvijas Krajbanka

1924

On January 2, 1924, the Current Accounts Department of the Post started operating. On March 10, 1927 it began to conduct operations with deposits, and later - operations with securities. When the Current Accounts Department was merged with the central savings bank department, the Postal Savings Bank was formed.

1987 - the system of savings banks was reorganized, as a result of which the Savings Bank became Krajbank.

After the restoration of Latvia's independence in August 1991, the LSSR Savings Bank became the State Savings Bank of the Republic of Latvia (Valsts Krājbanka).

In 1993, after the Saeima passed the law on privatization certificates, Sberbank of Latvia was one of the banks entrusted with servicing the privatization process. In 1994, the bank was transformed into the state joint stock company Latvijas Krājbanka.

In 1997, within the first stage of privatization of JSC "Latvijas Krājbanka", the capital of the bank was increased by one third, as the bank merged with Riga United Baltic Bank (RABB). At the end of 2003 the Bank became a public joint stock company.

JSC "Latvijas Krājbanka" becomes 100% owner of the company JSC "Investment Management Company "Astra Krājfondi".

In November 2011, the Financial and Capital Market Commission of the Republic of Latvia suspended the Bank's activity due to introduction of temporary administration in Bank SNORAS, which is the largest shareholder of Latvijas Krajbanka

There are English-speaking staff

AB "Bankas "Snoras""-76,65%, "Ratto Holdings Limited" – 9.99%, AS "WEST Investment" – 7,15%

Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.