Rietumu Bank was established in 1992 and now is one of the largest banks in the Baltics States, specialized in retail, private and corporate banking for both residents and non-residents of Latvia.
In 2017 total assets of AS "Rietumu Banka" were 3 001,53 mln EUR. In 2017 the bank's net income was 35,04 mln EUR.
AS "Rietumu Banka" participates in deposit guarantee scheme of Latvia. This scheme covers accounts up to 100 000 EUR per bank per depositor.
AS "Rietumu Banka" is headquartered in Rīga.
|multiple currency current accounts
time deposit accounts (0.60 - 1.85 %)
AS "Rietumu Banka" provides products and services in the areas of retail banking, private banking, corporate banking. The range of products offered by AS "Rietumu Banka" includes multiple currency current accounts, payment cards, savings accounts, time deposit accounts (0.60 - 1.85 %), consumer loans, mortgage loans, business loans, trade finance, brokerage.
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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).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 "Rietumu Banka" are covered by deposit guarantee scheme of Latvia up to 100 000 EUR per depositor. AS "Rietumu Banka" offers the following time deposit accounts.
Updated on 22 February 2019
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.
|Total Assets (2017)|
|3 001.53 mln EUR (-13.39%)|
|Total Equity (2017)|
|461.62 mln EUR (-2.11%)|
In 2017 total assets of AS "Rietumu Banka" were 3 001.53 mln EUR. Decline compared to the previous period (2016) was -13.39%. The evolution of the total assets of AS "Rietumu Banka" is shown at Chart 1 below.
Chart 1. Total Assets of AS "Rietumu Banka".
Recent changes in total assets of AS "Rietumu Banka" and its main components are shown in Table 1.
|Cash and deposits with Central Banks||836.9||875.9||+4.65%|
|Total Assets||3 465.6||3 001.5||-13.39%|
|Table 1. Recent changes in total assets of AS "Rietumu Banka" (mln EUR).|
Recent changes in total liabilities of AS "Rietumu Banka" and its main components are shown in Table 2.
|Deposits from other clients||2 825.7||2 359.8||-16.49%|
|Total Liabilities||3 465.6||3 001.5||-13.39%|
|Table 2. Recent changes in total liabilities of AS "Rietumu Banka" (mln EUR).|
|Net Income (2017)|
|35.04 mln EUR (-56.37%)|
Recent changes in gross profit of AS "Rietumu Banka" and its main components are shown in Table 3.
|Table 3. Recent changes in gross profit of AS "Rietumu Banka" (mln EUR).|
In 2017 net income of AS "Rietumu Banka" was 35.04 mln EUR. Decline compared to the previous period (2016) was -56.37%. The evolution of the net income of AS "Rietumu Banka" is shown at Chart 2 below.
Chart 2. Net Income of AS "Rietumu Banka".
|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 "Rietumu Banka" 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 "Rietumu Banka" and its components are shown in the table below.
|Bank BIC Code||RTMB|
|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 "Rietumu Banka" is shown in the table below.