Company Information

Get to know Norvik Banka

Originally established in 1992, Norvik Banka was one of Latvia's oldest commercial banks, serving both private individuals and corporate clients. It focused on providing a wide range of financial services, including daily banking, loans, investments, and wealth management, with a significant client base in Latvia and other CIS countries. In 2018, the bank underwent a rebranding and became PNB Banka. However, in August 2019, the European Central Bank (ECB) declared the bank "failing or likely to fail" due to a significant deterioration in its capital position. Consequently, the Latvian financial regulator (FCMC) suspended its operations and subsequently revoked its license, initiating a liquidation process.

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Financial BankingPRIMARY
Financial Insurance
Financial Other Service

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Norvik Banka

Latvia

Founded in

Apr 2013 (13 Years)

Founded

Last online: No recent activity

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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.