Created by Anna Mileiko, last update 3 March 2016 
Trasta Komercbank was founded in 1989, and was offering a broad range of retail, corporate and investment banking products and services. Since September 2015 Trasta Komercbanka was looking for an investor to boost capital and help reshape its unprofitable operations.On January 22, 2016 Financial and Capital Market Commission (FCMC) decided to impose restrictions on the activities of the bank, forbidding it from performing debit transactions in any currency, including through online banking, ATMs and by cash, with clients in the amount that exceeds 100,000 euro per depositor.On March 3, 2016 European Central Bank adopted the decision on withdrawing the authorisation of Trasta Komercbanka, the bank is now in liquidation.
In 2015, AS "TRASTA KOMERCBANKA" achieved the position of 13th largest bank in Latvia with a market share of 1.55%; its total assets dropped by 26.02%.
Additionally, the bank became the 17th profitable bank in relation to its total assets showcasing -0.92% return on assets and -11.34% return on equity in 2015.
Deposits up to 100,000 EUR are covered by Latvian deposit guarantee scheme in AS "TRASTA KOMERCBANKA".
branch
online banking
AS "TRASTA KOMERCBANKA" was the 13th largest bank in Latvia in terms of total assets. In 2015 its total assets were 432,12 mln EUR, providing the bank with the market share of 1.55%. In 2015 the bank's net income was -4,66 mln EUR.
AS "TRASTA KOMERCBANKA" participates in the deposit guarantee scheme of Latvia which applies to current accounts, deposit accounts made by natural persons (Latvian and foreign), legal entities (Latvian and foreign) and covers up to up to 100,000 EUR per bank per depositor. AS "TRASTA KOMERCBANKA" is a member of Deposit Guarantee Fund (DGF) and makes its contributions into it.
Miesnieku iela 9, 1050, Rīga, LatviaAS "TRASTA KOMERCBANKA" was headquartered in Rīga.
