On eighth of April 1993, Bank of Latvia approved Baltic International Bank as a credit institution and issued with Banking Licence No. 103. Interesting to note that by mid 1993, the number of commercial banks in Latvia had exceeded 60. Today, the number has declined to almost one third of that figure.  

Despite keen competition in the sector, a period of legislative and regulatory changes and the multiple crises that have battered the economy, the Bank has not only survived but also grown in many respects, created a highly professional team and built an outstanding reputation.

Baltic International Bank’s secrets of longevity are quite simple. Firstly, the Bank has always strived to establish long-standing relationships with its Clients. This has been possible due to the Bank’s Strategy aimed at providing a high-level personalized service and logically this has resulted in creating a state-of-the-art private banking service.

Secondly, the Bank has always applied prudence by adopting moderately conservative financial policies, the corner stones of which were financial stability, reduction financial crime and protection of our Customers’ interests rather than the intention to make quick money. When discussing the Bank’s history, we feel obliged to express our deep gratitude to our Customers and Business Partners who have helped us to build strong and proud to be of reputation.