Banks, Financial Services, Latvia
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Tuesday, 16.04.2024, 08:57
Number of bank subsidiaries and sub-branches reduce in Latvia in 2014
BC, Riga, 27.02.2015.
Print version
Print versionAt the end of 2014, there were 313 bank subsidiaries and sub-branches in Latvia, representative of the Association of Commercial Banks of Latvia, Baiba Melnace, told LETA.
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The number of bank subsidiaries and sub-branches continued to reduce in the past year. At the end of 2013, there were 342 bank subsidiaries and sub-branches in Latvia.
The Financial and Capital Market Commission forecasts that their number will continue to decrease this year as well.
Chairman of Saeima's Budget and Finance (Taxation) Committee Karlis Sadurskis (Unity) proposed to establish a special financial services safety fund. According to Sadurskis, banks would make contributions to the said fund in order to maintain the current ATM network in the country's regions, as well as to provide financial services for residents in these regions.
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