Bank Receives Two Industry-Recognised Awards in the „Gold Coin 2014”

News - April 4, 2014

To culminate the „Gold Coin 2014” competition, the  Award Presentation Ceremony was held on Friday, 4 April, to recognise excellence in launching innovative banking services. Baltic International Bank has received two awards.

Bank’s „Deposit 33” ranked third in the ‘Export of financial services’ category.  Also, Bank was the third-place award recipient in the ‘Sustainability Solutions’ category for its project „Conference dedicated to Baltic International Bank’s 20-year anniversary and bringing together world-level experts".

During the ceremony, a member of Bank’s Board Dinars Kolpakovs thanked the jury for this recognition and for the both awards gained in a serious competition where a total of 23 products competed. „Just like many of our peers, we give utmost importance to industry expect recognition of our services that have already been appreciated and used by our clients.  The fact that the two Bank-submitted competition entries receive expert evaluation and are awarded is definitely our significant achievement. This inspires us to better our services and hope for higher awards next year,” D. Kolpakovs said.

The Association of Commercial Banks of Latvia (ACBL) arranges the „Gold Coin 2014” competition for second consecutive year to summarise and mark out the key achievements in designing new products, popularise the newest and useful banking products and services, and foster new-product launches by using state-of-the-art technologies and solutions. Overall, 7 banks have brought their 23 services to compete, thus confirming that they come up with a lot of new and interesting offers to their clients.

The Bank presented its service „Deposit 33" in the ‘Export of financial services’ category and project „Conference dedicated to Baltic International Bank’s 20-year anniversary and bringing together world-level experts" in the ‘Sustainability Solutions’ category.

Taking into account an ever-growing customer demand for higher liquidity of their investments, in 2013 Bank rolled out a new deposit programme specifically intended for those who are interested in a product characterised by liquidity higher than that of standard deposits. According to the provisions of „Deposit 33", a depositor may withdraw the full amount by giving Bank a 33-day prior notice of the withdrawal. Unlike a current account or a savings account, the deposit earns a stable income. Moreover, the deposit offers a far higher rate than a standard one-month deposit.

The purpose of the conference dedicated to Bank’s 20-year anniversary was to bring together clients, business partners and world-level experts to discuss global problems that affect the whole society and enhance social responsibility of HNWIs. Bank-invited expert, Professor Ian Goldin, offered an opportunity to discuss the new world order. The aftermath of the recent global financial crisis inspires the society to rethink its core values and think about the surging social inequality. All over the world, wealthy people are in the public spotlight. Unfortunately, it is widely believed that the rich are the root of all problems. Throughout the conference, it was, however, emphasised that HNWIs bear social responsibility to the society in general. Their investment decisions affect not only a small circle of the persons involved but also society as a whole. Also, the decisions can bolster efforts to develop the economy and boost job creation.

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