AS Expobank

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.

Services

Retail Banking
Corporate Banking
Brokerage Services

Financials

Total Assets (2017)
227.25 mln EUR  (-24.34%)
Net Income (2017)
-3 429 000.00 EUR

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.

Contacts

K.Valdemāra iela 19, 1010, Rīga, Latvia
(+371) 67043510

AS Expobank is headquartered in Rīga.

Bank Identifiers

BIC (SWIFT)
LATCLV22
MFI ID
LV000792

Business Summary

Eligible Clients
local and international clients
Services
retail banking
corporate banking
brokerage services
Products
current accounts
deposits
payment cards
bank guarantees
trading accounts

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.

Financial Positions

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.

Total Assets of AS Expobank.

Chart 1. Total Assets of AS Expobank.

Recent changes in total assets of AS Expobank and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 66.9 73.7 +10.25%
Loans 122.8 53.6 -56.33%
Total Assets 300.4 227.3 -24.34%
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.

2016 2017 % change
Bank deposits 5.5 3.2 -42.34%
Deposits from other clients 230.1 186.3 -19.03%
Total Liabilities 300.4 227.3 -24.34%
Table 2. Recent changes in total liabilities of AS Expobank (mln EUR).

Profit and Loss

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.

2016 2017 % change
Interest Income 4.6 3.3 -28.00%
Interest Charges -1.7 -0.9 -50.75%
Commission Income 8.1 5.7 -29.54%
Commission Charges -0.4 -0.4 -18.78%
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.

Net Income of AS Expobank.

Chart 2. Net Income of AS Expobank.

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 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

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 Expobank and its components are shown in the table below.

BIC  LATCLV22
Bank BIC Code  LATC
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 Expobank is shown in the table below.

MFI ID  LV000792

European Presence: 4 banks in 4 countries

AS Expobank operates under the brand name Expobank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Cyprus

Czech Republic

Latvia

  • (this bank) AS Expobank (Rīga)

Serbia

Defunct Banks: 1 bank in 1 country

The following banks operating under Expobank brand name has been recently closed down:

Luxembourg

Banking Products in Latvia