Created by Anna Mileiko 
Founded in 2001 Reģionālā investīciju banka (RIB Banka) offers a wide range of retail and business banking products and services to both residents and non-residents of Latvia based on RIB Banka’s principal values – speed, flexibility, and openness.
In 2022, AS "Reģionālā investīciju banka" achieved the position of 6th largest bank in Latvia with a market share of 1.75%; its total assets grew by 54.33%.
Additionally, the bank became the 8th profitable bank in relation to its total assets showcasing 0.52% return on assets and 3.78% return on equity in 2022.
Deposits up to 100,000 EUR are covered by Latvian deposit guarantee scheme in AS "Reģionālā investīciju banka".
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In 2023 total assets of AS "Reģionālā investīciju banka" were 468.45 mln EUR. In 2023 the bank's net income was 9.14 mln EUR.
AS "Reģionālā investīciju banka" protects deposits up to up to 100,000 EUR per depositor through Latvia's deposit guarantee scheme. The scheme applies to current accounts, deposit accounts made by natural persons (Latvian and foreign), legal entities (Latvian and foreign). The bank participates in the Deposit Guarantee Fund (DGF), making regular contributions into it.
Jura Alunāna iela 2, 1010, Rīga, LatviaAS "Reģionālā investīciju banka" is headquartered in Rīga.
LatviainternationallyMasterCardAS "Reģionālā investīciju banka" provides products and services in the areas of retail banking, corporate banking, investment management. AS "Reģionālā investīciju banka" offers a range of products including current accounts, payment cards, savings accounts, time deposit accounts, business loans, escrow accounts, precious metals. AS "Reģionālā investīciju banka" makes its solutions available to natural persons, legal entities.
branch online bankingProducts and services offered by AS "Reģionālā investīciju banka" are available at its branches and via its online banking system.
In 2023 total assets of AS "Reģionālā investīciju banka" were 468.45 mln EUR. Growth compared to the previous period (2022) was 18.48%. The evolution of the total assets of AS "Reģionālā investīciju banka" is shown at Chart 1 below.
Chart 1. Total Assets of AS "Reģionālā investīciju banka".
Recent changes in total assets of AS "Reģionālā investīciju banka" and its main components are shown in Table 1.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Cash and deposits with Central Banks | 141.1 | 210.3 | +49.01% |
| Loans | 110.9 | 99.0 | -10.70% |
| Total Assets | 395.4 | 468.4 | +18.48% |
Table 1. Recent changes in total assets of AS "Reģionālā investīciju banka" (mln EUR).
Recent changes in total liabilities of AS "Reģionālā investīciju banka" and its main components are shown in Table 2.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Bank deposits | 4.0 | 70.6 | +1,664.12% |
| Deposits from other clients | 343.5 | 338.5 | -1.47% |
| Total Liabilities | 395.4 | 468.4 | +18.48% |
Table 2. Recent changes in total liabilities of AS "Reģionālā investīciju banka" (mln EUR).
Recent changes in gross profit of AS "Reģionālā investīciju banka" and its main components are shown in Table 3.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Interest Income | 7.8 | 22.0 | +182.09% |
| Interest Charges | -0.5 | -2.1 | +354.43% |
| Commission Income | 2.6 | 2.8 | +6.55% |
| Commission Charges | -0.4 | -0.4 | -10.64% |
Table 3. Recent changes in gross profit of AS "Reģionālā investīciju banka" (mln EUR).
In 2023 net income of AS "Reģionālā investīciju banka" was 9.14 mln EUR. Growth compared to the previous period (2022) was 435.08%. The evolution of the net income of AS "Reģionālā investīciju banka" is shown at Chart 2 below.
Chart 2. Net Income of AS "Reģionālā investīciju banka".
In 2022 AS "Reģionālā investīciju banka" was ranked the 6th largest bank in Latviain terms of total assets, having 1.75% of the domestic market share.
Chart 3. Market share of AS "Reģionālā investīciju banka" (among banks in Latvia)
Historical changes in AS "Reģionālā investīciju banka"'s domestic rank and market share over 2018-2022 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2022 | 6 | 1.75 % |
| 2021 | 7 | 1.24 % |
| 2020 | 7 | 1.30 % |
| 2019 | 6 | 1.68 % |
| 2018 | 10 | 1.35 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to AS "Reģionālā investīciju banka" listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 5 |  | 3.04% | 923.86 mln EUR (+34.70%) |
| 6 | | 1.75% | 468.45 mln EUR (+18.48%) |
| 7 |  | 1.75% | 406.12 mln EUR (+3.00%) |
Discover key identifiers of AS "Reģionālā investīciju banka" including its BIC, LEI, MFI ID.
BIC: RIBRLV22
The BIC (also known as SWIFT code) for AS "Reģionālā investīciju banka" is RIBRLV22. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | RIBRLV22 |
| Bank BIC Code | RIBR |
| Country Code | LV (Latvia) |
| Location Code | 22 |
| Branch Code | - |
LEI: 549300OMTXWX1144LP69
AS "Reģionālā investīciju banka"’s LEI is 549300OMTXWX1144LP69. This code is critical for verifying the institutions’s legal identity in financial markets and is used for regulatory reporting and risk management.
| Key | Value |
|---|---|
| LEI | 549300OMTXWX1144LP69 |
| LOU Identifier | 5493 |
| Reserved | 00 |
| Entity Identifier | OMTXWX1144LP |
| Verification ID | 69 |
MFI ID: LV40003563375
AS "Reģionālā investīciju banka"’s MFI ID, LV40003563375, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Latvia (LV), followed by the institutions's internal ID.
| Key | Value |
|---|---|
| MFI ID | LV40003563375 |
| Country Code | LV |
| MFI Code | 40003563375 |
TheBanks.eu identified several banks similar to AS "Reģionālā investīciju banka" based on various criteria, including:
