Finance Latvia Association is an open minded non-for-profit organization in Latvia for broad and joined-up representation of finance, technology and related industries in national and international level.

Our vision - Latvian financial industry pursues broad partnerships and leads in innovation in Europe. 

The Association was established on July 23, 1992. It is one of the oldest and most experienced business organizations in Latvia.

What we do

The objective of the Association is to purposefully improve the environment of business and financial services in Latvia in cooperation with partners from State institutions, the non-governmental sector and other sectors, as well as to improve the international reputation of the Latvian financial sector and its competitiveness on an international level.

The Association represents the interests of the financial sector in institutions of different levels in Latvia and internationally, and also coordinates the addressing of topical issues on the agenda of the entire sector. The organization also provides its clients with consultations. Whereas the Ombudsman of the Association helps to discover and resolve possible disagreements among the Latvian banks and clients.

Current strategic priorities of the Association are as follows:

  • financial service development
  • technologies
  • strengthening of the compliance function.

Significant lines of action are also the improvement of the financial literacy of Latvian people, as well as improving the qualification of banking sector professionals. The Association also summarizes data of the financial sector and analyzes trends.

Committees of expert members ensure that the Association’s objectives in priority areas are reached. The aim of the committees is to promote the strategic development of the sector and to implement specific measures.

Currently, the Finance Latvia Association brings together 34 banks and other financial sector providers.


  1. Swedbank
  2. Luminor
  3. SEB banka
  4. Citadele bank
  5. BluOr Bank
  6. Joint Stock Company "Development Finance Institution Altum"
  7. Baltic International Bank
  8. LPB Bank
  9. Regionala investiciju banka
  10. Industra Bank
  11. Signet Bank
  12. OP Corporate Bank plc Latvia branch

Associate members

  1. CBL Asset Management
  2. Luminor Asset Management
  3. SEB Investment Management
  4. Swedbank Investment Management
  5. Pension Fund CBL Atklātais pensiju fonds
  6. Luminor Latvijas Open Pension Fund
  7. SEB Pension Fund
  8. Swedbank Open Pension Fund
  9. Intrum
  10. AS Mintos Marketplace
  11. Worldline Latvia
  12. Inbank Latvia
  13. SK ID Solutions
  14. AS "Kredītinformācijas birojs"
  15. SIA “Citadele Factoring”
  16. SIA “Citadele Leasing”
  17. Luminor Līzings Latvija SIA
  18. Luminor Līzings SIA
  19. SIA “SEB Leasing’
  20. SIA “Swedbank Līzings”
  21. Visa Europe (Latvia) SIA
  22. SIA PayRay

Articles of Association Approved by the Members' Meeting on February 27, 2020.

Representation of the Association in organizations




Associate members