Sunday, June 21, 2026

Headlines

banking

New opportunities for those rejected by banks: Flow has received authorization for crowdfunding

For new entrepreneurs who are often refused the necessary start-up funding by banks, there is now another option – the supervisory committee of the Bank of Latvia has granted SIA Flow permission to provide crowdfunding services. Now there are already five companies offering such services. Flow is registered in the register of crowdfunding service providers with the right to facilitate the granting of loans and to offer, through crowdfunding […]

Indexo and DelfinGroup are allowed to merge: Both will benefit

The Competition Council has adopted a decision to allow the merger, with IPAS Indexo acquiring decisive influence over AS DelfinGroup. IPAS Indexo, which is the parent company of the Indexo financial services group, is currently preparing to make a voluntary share buyback offer to the shareholders of AS DelfinGroup with the aim of obtaining a majority in the company’s capital. In addition to the approval of the Competition Council, the making of the offer still requires the consent of Indexo’s shareholders and […]

Revolut becomes more family-friendly: Two paid plans, one reduced price

The global financial app Revolut, which has more than 400,000 users in Latvia, today announced the launch of a new program – Duo – in Latvia. The new offer allows two users to enjoy all the benefits of a Revolut plan at a reduced total price, providing premium-level features while maintaining the autonomy of each individual account. Revolut Duo is intended for family members or partners who want to share […]

Bank Citadele issues a loan worth almost 4 million for the purchase of an office building: The new owner will not evict the tenants

The archive services company SIA Unistock has received a 3.9 million euro loan from Citadele Bank for the purchase of the historic, office-adapted building at 11 Raiņa Boulevard in Riga. The new owner – Australian citizen Pavel Kurilov – has no intention of changing the use of the building. The building will retain its current function – it will continue to be a rental property for various offices and services. At present it […]

Baltics-scale financier

Ownership rights and decision-making power in the largest companies in the financial sector allowed Forbes magazine to rank Maksims Mališko in the “40 under 40” list of success stories in finance. Although Maksims is not yet 40 years old, he has already achieved a lot in his career. Source of publication: Forbes Latvia, August 2021.

Unsound solidarity; in the 1st quarter, Latvian commercial banks have paid over 30 million euros into the state budget

In the first quarter of this year, according to the Solidarity Contribution Law, Latvian commercial banks have paid more than 30 million euros into the state budget. Swedbank has paid the most and, objecting to this regulation, has appealed to the Constitutional Court. The annual reports of Latvian banks show that banks tried to increase their loan portfolios already last year, when the government spent the whole year discussing the Solidarity Contribution Law and adopted it at the end of the year […]