Company Information

Get to know Latvijas Krājbanka

Founded in 1924 as a state savings bank, Latvijas Krājbanka was one of the longest-operating and largest banks in Latvia, providing universal banking services to both private and corporate clients. After Latvia regained independence, it was privatized and became a public joint-stock company. The bank's operations were abruptly halted in November 2011 after its majority shareholder, the Lithuanian bank Snoras, was nationalized and a significant shortfall of assets was discovered at Krājbanka. This led to its insolvency, the revocation of its banking license, and a multi-year liquidation process, marking one of the most significant bank failures in Latvian history.

Industry

Financial BankingPRIMARY

Contact

Social

THIS SERVICE IS NOT AVAILABLE IN YOUR REGION

Latvijas Krājbanka

Latvia

Founded in

1924 (102 Years)

Founded

Last online: No recent activity

Claim company Visit website

TrustScore unavailableNot enough score to display the trend.

Be the first to rate and review this company.

OVERALL SCORE

Others

--/10

Reviews

--/90

0 reviews

Provided by TrustFinance

TrustScore unavailableNot enough score to display the trend.

Be the first to rate and review this company.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.