History
The bank was founded on 14 May 1992. By the end of 1995, it had become the fifth largest bank in Latvia in terms of the size of assets. In the same year the bank started to develop a chain of regional information centres in the largest cities of both the CIS and the Baltic States.
Personnel
Over 600 staff. The languages they speak include English, French, Latvian, German, Spanish, etc.
Bank’s shareholders
In 2010 a 5% stake in Rietumu was acquired by Balram Chairai, one of the wealthiest Hong Kong businessmen. 33,11% belongs to Boswell (International) Consulting Limited, the beneficial owner of which is Dermot Desmond (Ireland). 33,12% is owned by Leonid Esterkin, 17,34% - by Arkady Suharenko and others
Confidentiality
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.
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