About: LPB (bank)

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LPB Bank (previously Latvijas Pasta Banka) is a Latvian bank. It was founded on 5 September 2008 and changed its name to LPB Bank on 15 December 2017. It has been described as a "non-resident bank" which has a large proportion of non-Latvian clients. It is joint stock company 100% owned by import company Mono. It was named in the investigation into the 2014 Moldovan bank fraud scandal, together with ABLV Bank and PrivatBank It was fined 305,000 Euros for its part in this. As a bank it states that its priorities are e-commerce, fintech, business finance and brokerage.

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  • LPB Bank (previously Latvijas Pasta Banka) is a Latvian bank. It was founded on 5 September 2008 and changed its name to LPB Bank on 15 December 2017. It has been described as a "non-resident bank" which has a large proportion of non-Latvian clients. It is joint stock company 100% owned by import company Mono. It was named in the investigation into the 2014 Moldovan bank fraud scandal, together with ABLV Bank and PrivatBank It was fined 305,000 Euros for its part in this. In 2018, it was fined 2.2 million Euros by Latvia's (FKTK), 10% of its turnover, for "continuous non-compliance" with anti-money laundering and counter-terrorist financing legislation. The FCMC said, amongst other issues, that "the Bank failed to give sufficient weight to the unusually large, complex, inter-related transactions that have no apparent economic or visible lawful purpose". As a bank it states that its priorities are e-commerce, fintech, business finance and brokerage. (en)
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  • LPB Bank (previously Latvijas Pasta Banka) is a Latvian bank. It was founded on 5 September 2008 and changed its name to LPB Bank on 15 December 2017. It has been described as a "non-resident bank" which has a large proportion of non-Latvian clients. It is joint stock company 100% owned by import company Mono. It was named in the investigation into the 2014 Moldovan bank fraud scandal, together with ABLV Bank and PrivatBank It was fined 305,000 Euros for its part in this. As a bank it states that its priorities are e-commerce, fintech, business finance and brokerage. (en)
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  • LPB (bank) (en)
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