Founded in 1991, Expobank is one of the oldest banks in Latvia providing retail and corporate banking products and services as well as brokerage services to local and international clients.
In 2017 total assets of AS Expobank were 227,25 mln EUR. In 2017 the bank's net income was -3,43 mln EUR.
AS Expobank participates in deposit guarantee scheme of Latvia. This scheme covers accounts up to 100 000 EUR per bank per depositor.
AS Expobank is headquartered in Rīga.
|local and international clients|
AS Expobank provides products and services in the areas of retail banking, corporate banking, brokerage services. The range of products offered by AS Expobank includes current accounts, deposits, payment cards, bank guarantees, trading accounts. AS Expobank makes its solutions available to local and international clients.
|Total Assets (2017)|
|227.25 mln EUR (-24.34%)|
|Total Equity (2017)|
|36.85 mln EUR (-39.32%)|
In 2017 total assets of AS Expobank were 227.25 mln EUR. Decline compared to the previous period (2016) was -24.34%. The evolution of the total assets of AS Expobank is shown at Chart 1 below.
Chart 1. Total Assets of AS Expobank.
Recent changes in total assets of AS Expobank and its main components are shown in Table 1.
|Cash and deposits with Central Banks||66.9||73.7||+10.25%|
|Table 1. Recent changes in total assets of AS Expobank (mln EUR).|
Recent changes in total liabilities of AS Expobank and its main components are shown in Table 2.
|Deposits from other clients||230.1||186.3||-19.03%|
|Table 2. Recent changes in total liabilities of AS Expobank (mln EUR).|
|Net Income (2017)|
|-3 429 000.00 EUR|
Recent changes in gross profit of AS Expobank and its main components are shown in Table 3.
|Table 3. Recent changes in gross profit of AS Expobank (mln EUR).|
In 2017 net income of AS Expobank was -3 429 000.00 EUR. Decline compared to the previous period (2016) was -154.45%. The evolution of the net income of AS Expobank is shown at Chart 2 below.
Chart 2. Net Income of AS Expobank.
|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 Expobank 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|
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 Expobank and its components are shown in the table below.
|Bank BIC Code||LATC|
|Country Code||LV (Latvia)|
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 Expobank is shown in the table below.
The following banks operating under Expobank brand name has been recently closed down: