In 2025, Latvija registered the highest number of newly established companies and merchants in the last six years. According to data from the Register of Enterprises, a total of 10,445 new companies and merchants were founded, which is 12.07% more than in 2024, surpassing the 10,000 mark for the first time since 2019, according to data compiled by Citadele bank. Last year, 183 were registered in Latvija […]
The Moscow Arbitration Court on 2 December 2025 examined a civil case related to a claim by the Russian General Prosecutor’s Office against Rietumu Bank and other persons. The court of first instance has decided to satisfy the claim of the General Prosecutor’s Office. The Bank’s regulatory capital may decrease by approximately 4 million EUR. Considering that this is a decision of the court of first instance, the Bank will appeal it in accordance with the procedure prescribed by law, defending […]
By the end of November, AS INDEXO Bank reached its highest total loan portfolio volume so far – 50.5 million euros, issuing new loans in the amount of 6.3 million euros over the last month. Market transaction statistics show that since August of this year, 70% of all mortgage loans refinanced in Latvia have been refinanced specifically at INDEXO Bank. At the end of November, the number of INDEXO Bank’s clients […]
After a prolonged period of caution, the corporate lending market in Latvia is showing a convincing recovery in 2025, driven by falling interest rates and entrepreneurs’ growing willingness to invest in development. The corporate lending market has become one of the fastest growing in the euro area, and non-bank financial service providers such as Cityfinances play a crucial role in reducing the financing gap in the SME segment. In the Bank of Latvia’s “Financial Availability Review […]
NORD Credit is one of the licensed consumer lending companies in Latvia.
The saying “Time is money” is one of the basic principles of the business world, and in Latvia’s business environment right now it is truer than ever. The dynamic work pace is reinforcing the trend for companies to promptly borrow the funding needed for project implementation and to repay it flexibly, using grace periods and other solutions. Data compiled by the business financer Cityfinances show that businesses seek to receive funding within a day and […]
Author someone else The Ministry of Economics has prepared amendments to the Regulations on information about payment obligations to be included in the credit information bureau database, which will reduce borrowers’ chances of obtaining a credit that they will later be unable to repay. The Cabinet of Ministers will review the Regulation on 21 October. The Ministry of Economics states that the draft regulation has been drawn up to improve consumer protection and prevent situations where lenders do not have access to all essential information on the consumer’s ability to repay […]
The twentieth TOP101 of Latvia’s most valuable companies, compiled by Nasdaq Riga and Prudentia, has already been published. For the fourth year in a row, AS Swedbank Baltics has gained the status of Latvia’s most valuable company – over the year the bank’s value has increased by 40%. The first TOP101 of Latvia’s most valuable companies was created twenty years ago. Since 2006, the value of the companies included in the ranking has grown more than fourfold. […]
The officers of the 3rd Bureau, 2nd Unit of the Criminal Police Department of the Riga Regional Department of the State Police have sent to the prosecutor’s office a case for the initiation of criminal prosecution against a bank employee for economic crimes committed over a period of 17 years. While holding the position of branch manager at the bank, the suspect, without the knowledge of clients, carried out unlawful operations with financial instruments in their name, thereby obtaining money belonging to the bank’s clients. The credit institution has compensated […]
“Active preparatory work is currently underway, but it is planned that the new application program will be opened at the end of October or the beginning of November,” Altum head Reinis Bērziņš told Inc. Until then, the program regulations still have to be approved by the Cabinet of Ministers. Loans will be available to natural persons who are at least 18 years old and to those who, at the time of the final loan repayment, will not have exceeded the age of 65. […]
