AS "PNB Banka" (Latvia) - Bank Profile (original) (raw)
Address
Elizabetes iela 15 - 2, 1010, Rīga, Latvia
BIC
LATBLV22
Overview
Category
Commercial banks
Business Focus
retail and business banking
PNB Banka (established on 29 April 1992 as Norvik Banka) is one of the oldest commercial banks in Latvia. Norvik Banka was a part of Norvik Group which also covers Vyatka Bank in Russia. PNB Banka provided a range of retail and corporate banking products and services to residents and non-residents of Latvia with the focus on the development of Latvian business, servicing of Latvian customers and paying particular attention to the financial needs of seniors. In December 2019, PNB Banka became insolvent.
Performance
In 2018, AS "PNB Banka" achieved the position of 6th largest bank in Latvia with a market share of 2.75%; its total assets dropped by 28.83%.
Additionally, the bank became the 14th profitable bank in relation to its total assets showcasing -0.74% return on assets and -7.74% return on equity in 2018.
Deposit Protection
Deposits up to 100,000 EUR are covered by Latvian deposit guarantee scheme in AS "PNB Banka".
Ways to Bank
AS "PNB Banka" delivered its products and services through both direct and indirect channels, namely:
branch
online banking
Financials
Total Assets (2018)
576.79 mln EUR (-28.83%)
Net Income (2018)
-5,099,019.00 EUR (-51.54%)
AS "PNB Banka" was the 6th largest bank in Latvia in terms of total assets. In 2018 its total assets were 576,79 mln EUR, providing the bank with the market share of 2.75%. In 2018 the bank's net income was -5,10 mln EUR.
Deposit Guarantee
Guarantee Fund
Deposit Guarantee Fund (DGF)
Protected Amount
up to 100,000 EUR
Eligible Depositors
natural persons (Latvian and foreign)
legal entities (Latvian and foreign)
Covered Accounts
current accounts
deposit accounts
AS "PNB Banka" participates in the deposit guarantee scheme of Latvia which applies to current accounts, deposit accounts made by natural persons (Latvian and foreign), legal entities (Latvian and foreign) and covers up to up to 100,000 EUR per bank per depositor. AS "PNB Banka" is a member of Deposit Guarantee Fund (DGF) and makes its contributions into it.
See Also
Contacts
Elizabetes iela 15 - 2, 1010, Rīga, Latvia
+371 67041100
AS "PNB Banka" was headquartered in Rīga.
Bank Identifiers
Bank History
Previous Name
AS NORVIK BANKA
