The Evolution of Competition in Latvian Commercial Banks: Trends, Challenges, and Solutions in 2023

The Evolution of Competition in Latvian Commercial Banks: Trends, Challenges, and Solutions in 2023

Published: 13.12.2023. The events of the last year have raised the issue of the competition of Latvian commercial banks. Competition supervision is provided by the Competition Council, while the supervisor of the financial sector follows events and evaluates the stability and resilience of the banking sector, as well as the strategy of each individual bank … Read more

The Bank of Latvia announces the next competition for students’ scientific research works

The Bank of Latvia announces the next competition for students’ scientific research works

Published: 05.12.2023. The Bank of Latvia has announced another competition for students’ scientific research papers, the purpose of which is to promote the identification and analysis of macroeconomic problems of the Latvian and Eurozone economies, involving the most capable young economists in this work. The competition is being held for the 22nd time, and citizens, … Read more

National Bank: the volume of time ruble deposits of individuals increased by 2% in October | Money | Society

National Bank: the volume of time ruble deposits of individuals increased by 2% in October |  Money |  Society

In October 2023, Belarusians continued to increase ruble deposits; lending to the economy continued to be carried out primarily in Belarusian rubles. About it testify National Bank data. The volume of time ruble deposits of the population in October 2023 increased by 152.5 million rubles, or 2%, amounting to 7.6 billion rubles as of November … Read more

SE Capitalia Receives Operating Permit for Crowdfunding Services in Latvia and Across EU Borders

SE Capitalia Receives Operating Permit for Crowdfunding Services in Latvia and Across EU Borders

Published: 02.11.2023. On November 1, the Supervisory Committee of the Bank of Latvia decided to issue SE “Capitalia” with an operating permit as a provider of collective financing services in accordance with Regulation no. 2020/1503. SE “Capitalia” is registered in the register of crowdfunding service providers with the right to facilitate the granting of loans. … Read more

Critical Financial Services Management Rules: Ensuring Access to Financial Services in Latvia

Critical Financial Services Management Rules: Ensuring Access to Financial Services in Latvia

Published: 31.10.2023. The Board of the Bank of Latvia, continuing to strengthen the stability of the Latvian financial system, has adopted “Critical Financial Services Management Rules”, which will enter into force on November 1, 2023, with a longer transition period for certain measures. After the integration of the Financial and Capital Market Commission, the role … Read more

Bank of Latvia Approves Additions to AS APF Holdings Prospectus for Public Offering of Shares

Bank of Latvia Approves Additions to AS APF Holdings Prospectus for Public Offering of Shares

Published: 30.10.2023. On October 30, the supervisory committee of the Bank of Latvia approved the additions to the prospectus of the public offering of JSC “APF Holdings” shares. AS “APF Holdings” has supplemented and amended the information included in the prospectus, as well as extended the offer period until November 3, 2023. From the approval … Read more

Promote Access to Higher Education with the National Bank’s Innovative Loan Offering 100,000 Soles

Promote Access to Higher Education with the National Bank’s Innovative Loan Offering 100,000 Soles

In an effort to promote access to higher education, the National bank has launched an innovative loan that opens doors to academic opportunities. With a significant sum of 100 thousand soles, this loan not only encourages the completion of studies, but also stands as substantial financial support for those seeking to advance their educational careers. … Read more

Review of Banco de la Nación Mortgage Loan for State Workers and Pensioners: Requirements and Steps

Review of Banco de la Nación Mortgage Loan for State Workers and Pensioners: Requirements and Steps

Review all the details about this loan from Banco de la Nación, which is intended for State workers and pensioners. Know the requirements and steps to request it. Join the La República WhatsApp channel If you are looking to buy your own house, remodel it or expand it, but you don’t have enough money, read … Read more

Latvian Cooperative Credit Union Segment: Key Statistics and Performance Analysis for 2023

Latvian Cooperative Credit Union Segment: Key Statistics and Performance Analysis for 2023

Published: 08.09.2023. At the end of June of this year, 29 cooperative credit unions (KKS) operated in Latvia, which managed assets in the amount of 29.3 million euros. Over the past 12 months, the KKS segment has narrowed moderately: the total amount of assets decreased by 6.9%, the number of KKS decreased by two, but … Read more

Peru’s Banco de la Nación Launches New Loan Campaign with Competitive Rates and Flexibility

Peru’s Banco de la Nación Launches New Loan Campaign with Competitive Rates and Flexibility

Peru’s Banco de la Nación (BN) officially unveiled its third loan campaign. The bank will offer credits from 300 to 100,000 soles with competitive financial market rates, whose payment terms will have a flexibility of up to 60 months. In addition, it should be noted that for this opportunity there will be a promotional interest … Read more