Rietumu Banka

Congratulations to Kristine Černaja-Mežmale on her election as Vice-Chair of the European Banking Authority (EBA)! This is a remarkable recognition of a Latvian banking supervision at the top European level and the highest position ever achieved by a Latvian finance industry expert. This is something we in Latvia can be genuinely proud of and it is entirely deserved. I have had the pleasure of working closely with Kristīne over the years on banking supervision matters in Latvia. Kristīne had worked tirelessly on the Latvian progress on Moneyval industry review and contributed to placing Latvia among the most efficiently supervised banking markets in Europe. She will also continue with her role at the Latvijas Banka / Bank of Latvia. The EBA plays a crucial role in the European financial system. While the European Central Bank directly supervises major banks in the euro area, the EBA develops common banking rules and supervisory standards for all 27 EU member states. Its work helps ensure that European banks operate within a consistent regulatory framework, supporting financial stability, confidence and a competitive European banking sector. Kristīne will take up her new position on 1 November, and I wish her every success in this important role. Congratulations once again - a well-deserved achievement and a proud moment for Latvia! See the full EBA press release here: https://lnkd.in/dpNnAZiS #banking #finance #leadership #bankingsupervision #euro #eu #eba #europeanbankingauthority

The latest valuation of Latvian companies has just been released – and I am proud to see that Rietumu Banka is once again convincingly the most valuable locally owned financial institution in Latvia and the fourth most valuable privately owned local company overall. According to the estimate, the bank's value stands at EUR 382 million. The annual Top101 ranking, prepared by investment bank Prudentia and the Nasdaq Riga stock exchange, shows that our bank is the 16th most valuable company among all businesses operating in Latvia, including those that are foreign-owned or state-controlled. This is a remarkable achievement that places us among the leaders of major industries such as retail, utilities, energy, food production and others. The value of a bank is always a direct reflection of the trust placed in it by its clients – our value is sustained and created only when we contribute to the local economy and grow together with our clients. Financing growth is literally the main purpose a bank can serve, and I have made it a priority for Rietumu Banka throughout my tenure as CEO. I would like to thank all our clients, partners and teams for the years of cooperation and for working together to create new economic value and wealth. See the full Top101 ranking at the link below – it offers an interesting and unique insight into the scale and success of Latvian businesses: https://top101.lv/ #banking #finance #valuation #investment #strategy #mostvaluablelatviancompanies #latvianbusiness #corporategrowth #economicvalue #leadership

🤝 Rietumu Banka joins Banking Association for Central and Eastern Europe (BACEE)! We are pleased to announce that Rietumu Banka has become a member of BACEE. BACEE is an established international banking association that plays an important role in connecting financial institutions across Central and Eastern Europe, fostering cross-border cooperation and strengthening relationships within the international banking community. For Rietumu Banka, joining this respected network marks an important step in expanding our international presence and strengthening our connections with financial institutions across Europe. We look forward to exchanging expertise and contributing to a stronger, more connected European banking sector.

🔐 Choose secure and convenient storage for your valuables at Rietumu Banka. Our safe deposit boxes are located at our office in Riga, with complimentary parking available for your convenience. No Rietumu Banka account is required to rent a safe deposit box.

📖 The house party is over. It’s time to return to the office. The latest article on remote work in Inc. Latvija magazine brings together business leaders’ perspectives and research findings on the role of in-person work in productivity and business growth. The article highlights several key takeaways: 🔵 Employers are increasingly calling employees back to the office, treating remote work as an exception. 🔵 The studies discussed point to risks to productivity and knowledge sharing. 🔵 Larger companies are more likely to require office attendance, while smaller businesses use hybrid working arrangements to reduce costs. 🔵 Public services must remain accessible to people who lack digital skills. 🔵 Spending less time in the office may reduce employees’ visibility and opportunities for career advancement. 🔵 Unequal access to remote work raises questions about fairness across professions. At Rietumu Banka, we also believe that working alongside colleagues helps build stronger teams and supports shared growth. 📖 Read more in the latest issue of Inc. or online here: https://lnkd.in/dJi7uY4i

Rietumu Banka – the largest locally owned company in Latvia’s financial sector! The latest TOP101 ranking of Latvia’s most valuable companies, compiled by investment bank Prudentia in cooperation with Nasdaq Riga, has been published. Rietumu Banka ranks: 🔵 4th among Latvia’s most valuable privately owned companies with local capital, 🔵 4th among all companies in Latvia’s financial sector. At the same time, Rietumu Banka holds the position of the largest locally owned company in Latvia’s financial sector. This year’s TOP101 results highlight the growing value of Latvian companies. The combined value of Latvia’s 101 most valuable companies has exceeded EUR 33 billion, while the financial services sector continues to lead in terms of total company value. Learn more about the ranking: https://top101.lv/