AS "Baltic International Bank"

Established in 1993, Baltic International Bank is a family owned private bank specializing in private banking and wealth management.

Products

Financials

Total Assets (2017)
303.35 mln EUR  (-1.11%)
Net Income (2017)
-2 668 000.00 EUR

In 2017 total assets of AS "Baltic International Bank" were 303,35 mln EUR. In 2017 the bank's net income was -2,67 mln EUR.

AS "Baltic International Bank" participates in deposit guarantee scheme of Latvia. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Kalēju iela 43, 1050, Rīga, Latvia

AS "Baltic International Bank" is headquartered in Rīga.

Bank Identifiers

BIC (SWIFT)
BLIBLV22
MFI ID
LV000740

Business Summary

The range of products offered by AS "Baltic International Bank" includes time deposit accounts (0.20 - 0.20 %).

Products

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Time deposit accounts made with AS "Baltic International Bank" are covered by deposit guarantee scheme of Latvia up to 100 000 EUR per depositor. AS "Baltic International Bank" offers the following time deposit accounts.

Updated on 17 December 2018

Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.20 %
Deposit Term (months)
6
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.20 %
Deposit Term (months)
6
Investment Amount
5000 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.20 %
Deposit Term (months)
12
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.20 %
Deposit Term (months)
12
Investment Amount
5000 - 100000 EUR
Interest Frequency
1 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Financial Positions

Total Assets (2017)
303.35 mln EUR  (-1.11%)
Total Equity (2017)
29.69 mln EUR  (-2.86%)

In 2017 total assets of AS "Baltic International Bank" were 303.35 mln EUR. Decline compared to the previous period (2016) was -1.11%. The evolution of the total assets of AS "Baltic International Bank" is shown at Chart 1 below.

Total Assets of AS

Chart 1. Total Assets of AS "Baltic International Bank".

Recent changes in total assets of AS "Baltic International Bank" and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 70.2 105.9 +50.98%
Loans 80.1 71.9 -10.33%
Total Assets 306.8 303.3 -1.11%
Table 1. Recent changes in total assets of AS "Baltic International Bank" (mln EUR).

Recent changes in total liabilities of AS "Baltic International Bank" and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 1.5 0.3 -81.88%
Deposits from other clients 256.4 255.4 -0.39%
Total Liabilities 306.8 303.3 -1.11%
Table 2. Recent changes in total liabilities of AS "Baltic International Bank" (mln EUR).

Profit and Loss

Net Income (2017)
-2 668 000.00 EUR

Recent changes in gross profit of AS "Baltic International Bank" and its main components are shown in Table 3.

2016 2017 % change
Interest Income 4.5 4.3 -4.11%
Interest Charges -1.9 -1.7 -7.87%
Commission Income 8.4 5.5 -35.28%
Commission Charges -3.5 -1.7 -50.07%
Table 3. Recent changes in gross profit of AS "Baltic International Bank" (mln EUR).

In 2017 net income of AS "Baltic International Bank" was -2 668 000.00 EUR. Decline compared to the previous period (2016) was -320.68%. The evolution of the net income of AS "Baltic International Bank" is shown at Chart 2 below.

Net Income of AS

Chart 2. Net Income of AS "Baltic International Bank".

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Latvia are obliged to participate in Latvian deposit guarantee scheme.

In the case of AS "Baltic International Bank" failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  deposits, current account balance, salary accounts, savings accounts etc.
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of AS "Baltic International Bank" and its components are shown in the table below.

BIC  BLIBLV22
Bank BIC Code  BLIB
Country Code  LV (Latvia)
Location Code  22
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of AS "Baltic International Bank" is shown in the table below.

MFI ID  LV000740