Established in September 2008, Latvijas Pasta Banka (eng - Lavian Post Bank) offers retail and corporate banking products and services.
In 2017 total assets of AS "LPB Bank" were 234,62 mln EUR. In 2017 the bank's net income was 7,17 mln EUR.
AS "LPB Bank" participates in deposit guarantee scheme of Latvia. This scheme covers accounts up to 100 000 EUR per bank per depositor.
AS "LPB Bank" is headquartered in Rīga.
term deposits accounts
safe deposit boxes
AS "LPB Bank" provides products and services in the areas of retail banking, corporate banking. The range of products offered by AS "LPB Bank" includes current accounts, term deposits accounts, payment cards, investments, safe deposit boxes, consumer loans, mortgage loans, leasing, factoring, trade finance, corporate financing.
|Total Assets (2017)|
|234.62 mln EUR (+14.08%)|
|Total Equity (2017)|
|28.27 mln EUR (-5.31%)|
In 2017 total assets of AS "LPB Bank" were 234.62 mln EUR. Growth compared to the previous period (2016) was 14.08%. The evolution of the total assets of AS "LPB Bank" is shown at Chart 1 below.
Chart 1. Total Assets of AS "LPB Bank".
Recent changes in total assets of AS "LPB Bank" and its main components are shown in Table 1.
|Cash and deposits with Central Banks||24.9||34.1||+37.02%|
|Table 1. Recent changes in total assets of AS "LPB Bank" (mln EUR).|
Recent changes in total liabilities of AS "LPB Bank" and its main components are shown in Table 2.
|Deposits from other clients||168.3||197.8||+17.49%|
|Table 2. Recent changes in total liabilities of AS "LPB Bank" (mln EUR).|
|Net Income (2017)|
|7.17 mln EUR (-35.59%)|
Recent changes in gross profit of AS "LPB Bank" and its main components are shown in Table 3.
|Table 3. Recent changes in gross profit of AS "LPB Bank" (mln EUR).|
In 2017 net income of AS "LPB Bank" was 7.17 mln EUR. Decline compared to the previous period (2016) was -35.59%. The evolution of the net income of AS "LPB Bank" is shown at Chart 2 below.
Chart 2. Net Income of AS "LPB Bank".
|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 "LPB 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|
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 "LPB Bank" and its components are shown in the table below.
|Bank BIC Code||LAPB|
|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 "LPB Bank" is shown in the table below.