Expobank
| Website | www.expobank.eu/eng |
|---|---|
| Bank tariffs | www.expobank.eu/eng/top/service-fees/for_corporations_of_non_residents_010216 |
| Jurisdictions | Latvia |
| Services | Multy-currency accounts, brokerage services, payment cards, remote banking, trust services, deposits, escrow account. |
| Type of accounts | Current, investment and saving accounts. |
Founded in 1991, AS Expobank (the Bank) is one of the oldest banks in Latvia, with a branch in Cyprus and a representative office in Hong Kong.
The Bank has a consistent focus on being a reliable, stable and professional financial partner for its customers, providing high quality services as well as security and stability. The Bank`s long-term development and growth is based on regular development of risk management processes and compliance control systems, as well as on highly selective customer acquisition.
Moody`s Investors Service, a leading international rating agency, currently assigns the Bank a credit rating for long-term obligations of B1, with a stable outlook. This is the highest assigned credit rating among all local commercial banks in Latvia (that are privately owned and rated by international rating agencies).
2014 was another successful year for the Bank, with a net profit reaching 3,541 thousand euro. Stability remains the key priority, supported by the Bank`s capital adequacy ratio, as of 31 December 2014, of 35.5% and the liquidity ratio of 102.2%.
Required documents:
- Full set of corporate documents notarized and affixed with apostille
- Internal passport of Authorized Signatory, director and UBO
- International passport of Authorized Signatory, director and UBO
- Documents for prooving stable standing of Beneficial Owner and Authorized Signatory (request the list from banking manager)
- Documents for prooving the source of funds
If the company is more than one year Certificate of Good Standing should be provided.
Min. deposit requirements:
not required
Time frame:
7-10 w.d. since documents and forms are delivered to the head office of the Bank in Riga.
Other information:
Personal visit is required.
English and Russian speaking staff.
The Bank may request any additional information or documents as per its discretion.