When choosing a bank in Latvia, you will find that the banks are divided into two categories for individual and business use respectively. The country has a stable political system and a good legal system that make it a attractive place to do banking. This article will help you identify the ten best banks in Latvia and explain why they are the best.
### 1. Swedbank
Among the banks in Latvia, Swedbank is one of the biggest and offers a wide range of products and services. It is also a major player in the Baltic States and offers retail, corporate and investment banking products. Swedbank is renowned for its focus on the customer and new technologies that can be used to improve the banking experience.
**Key features of Swedbank:**
– A large network of branches and ATMs in Latvia.
– Easy to use internet and mobile banking.
– A large number of loan and credit products.
– Investment and wealth management.
### 2. SEB Banka
SEB Banka was established in 1921 and is one of the biggest banks in Latvia and one of the most popular banks for individuals, businesses, and institutions.
**Key features of SEB Banka:**
– Services for small and medium enterprises (SMEs) specifically.
– Solutions for trade and supply chain finance.
– Private banking services for wealthy clients.
– Environmental and social corporate responsibility in its banking activities.
### 3. Citadele Banka
Citadele Banka is a customer-focused and technologically advanced bank that provides retail, corporate and asset management products and services. Citadele has one of the simplest and easiest-to-use digital platforms, which makes it popular with its clients.
The main features of Citadele Banka include:
– Online and mobile banking services that are easy to use.
– Mortgage and lending products with flexibility.
– Investment and asset management.
– Service for expatriates and non-residents.
### 4. Luminor Bank
The bank that is also known as Nordea Bank and DNB Bank started operating recently, and it covers the whole of the Baltic States. This bank provides many products and services and has retail banking, wholesale banking, and capital markets activities.
### Key features of Luminor Bank:
– Online and mobile banking service.
– Corporate client services.
– Trade finance and cash management.
– Connection to international capital markets.
### 5. BlueOrange Bank
BlueOrange Bank is a small bank in Latvia that provides private banking and investment management services.
### Key features of BlueOrange Bank:
Wealth management.
Trade finance and foreign exchange.
For e-commerce businesses only.
Investment opportunities around the world.
### 6. Rietumu Banka
Rietumu Banka is another international bank that provides banking services to clients who engage in business across borders.
### Key features of Rietumu Banka:
– Multi-currency accounts and foreign exchange.
– Documents and procedures in trade finance.
– Management of assets and investments.
– The access to the financial markets of the world.
