About us

We bring together 31 banks and other financial sector providers.

Development
To promote the further development of the Latvian financial sector, focusing on a wide range of innovative services.
Technologies
To position Latvia as an EU leader in the field of open financial services with innovative digital services.
Conformity
Promote the implementation of the highest compliance standards.
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Image Vision

Finance Latvia Association sees Latvia among the leading EU member states in developing an open and transparent financial environment. This implies the necessity for a cooperation platform involving all stakeholders to stir discussion and offer well thought-out solutions on sectoral topicalities and domestic economy related matters.

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In collaboration with public, non-governmental and other cross-sectoral partners to zealously target improvement of business and financial services environment in Latvia and to enhance the international reputation and competitiveness of Latvia’s financial sector.

 

To achieve the set targets and ensure strategic development of the sector, the work of the Association is organized in committees, sub-committees and ad-hoc groups composed of experts – members of the Association.

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Organization’s operating principles and core values are openness, responsibility and cooperation.

 

The association represents the interests of the financial sector at different institutions nationwide and internationally and coordinates that all sectoral issues on the agenda are properly addressed. The association provides advisory support to its members and its Ombudsman helps identify and resolve disputes between local banks and their clients.

31 members

Currently, Finance Latvia Association unites 31 financial industry companies and operates in accordance with the statutes approved by the members’ meeting.

Structure

Chairwoman
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Kerli Vares
Head of Retail Banking, Luminor Group, Country Manager Latvia
Council
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Ieva Tetere
Chairwoman of the Board of SEB bank
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Lauris Mencis
Chairman of the Board at Swedbank
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Inese Zīle
Member of the Board of Development Finance Institution Altum
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Dmitrijs Latiševs
Chairman of the Board and Executive Committee, Chief Executive Officer of BluOr Bank
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Valters Ābele
Member of the Management Board at Bank Citadele
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Sanita Bajāre
Chairwoman of the Board
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Jānis Brazovskis
Board member
Anti-Fraud working group
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Mārcis Pelcis
Chairman of the working group, SEB bank Head of Security Department
International Financial Sanctions working group
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Vitālijs Bogdanovs
Chariman of the working group, SEB bank Sanctions expert / Head of sanctions compliance unit
Sustainable Finance working group
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Irina Kuzmina
Chairperson of the working group, Swedbank Baltics AS Sustainability Area Manager
GDPR working group
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Andris Stengrēvics
Chariman of the working group, Data Protection and Governance Process Manager of Compliance Division at Bank Citadele
IT security working group
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Oskars Blumbergs
Chairman of the working group, Information security manager, Digital banking & IT at Swedbank Latvia
Lending Committee
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Ainars Balcers
Co-chair, Head of Mortgage Support Department, Baltic, Swedbank
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Kārlis Danēvičs
Co-chair, SEB Latvia Board member, responsible for Credit and Risk control area
Legal Committee
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Gita Juršāne
Co-chair, Head of Luminor Retail and Investments Legal department
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Agnese Garda
Co-chair, Head of the Legal Division at Swedbank Latvia
Compliance Committee
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Karīna Lindava
Co-chair, Head of Anti Financial Crime Division at Swedbank Latvia
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Arnis Praudiņš
Co-chair, Member of the Management Board at Signet Bank (CCO)
Communications Committee
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Inese Kronberga
Co-chair, Public Relation Manager at Luminor Bank
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Lolita Stašāne
Co-chair, Head of Division Communication and Sustainability Swedbank Latvia
Capital Markets Committee
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Kārlis Purgailis
Co-chair, CBL Asset Management IPAS Chairman of the Board
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Arnolds Čulkstēns
Co-chair, Chairman of the Management Board of SEB Life and Pension Baltic SE
Payments and Digital Channels Committee
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Iļja Nogičevs
Co-chair, Head of Product development at SEB Latvia
Leasing Committee
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Pēteris Plaudis
Co-chair, Latvia Country Head of Citadele Leasing
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Edgars Pastars
Chief Legal Officer/Attorney-at-law
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Aivars Graudiņš
Senior Advisor
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Lauma Brūvere
Communications Specialist

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