News 2017

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The leaders of the G-20 agreed upon the creation of a new derivative reporting system already in 2009. This was done to prevent another financial crisis analogous to the one struck the global economy in 2008 after the American Lehman Brothers collapsed. To recap, the 2008 crisis was fuelled exactly by the inability to calculate the approximate size and amount of the open positions in derivatives. This resulted in a ripple effect of defaults. The agreement became a reality in the European Union
On 12 December 2017, AS Norvik Banka and its controlling shareholders submitted a Request for Arbitration against the Republic of Latvia to the International Centre for the Settlement of International Investment Disputes (ICSID). Mr Guselnikov, a UK investor, acquired the Bank in 2013 and has invested in Latvia in excess of € 100 million, making him one of the most significant individual investors in the country. ICSID, constituted under the aegis of the World Bank, is the primary forum for
For the second consecutive year, Norvik Banka has become a partner of the fundraiser Eņģeļi pār Latviju. This year the goal of the fundraiser is to collect money for children suffering with autism. As from this December 1, everyone interested may make a charitable donation also in Norvik Banka’s biggest customer service centres by placing their donations into donation boxes specially intended for this fundraiser. You can find the donation boxes at the following customer service centres:
Please be informed, that as of 3 December 2017, service tariffs will change for trade finance deals and cash transactions. Changes are in force for the legal persons, non-residents of Latvia. For the changes in the list of services and the new tariffs click here. For your convenience, certain tariff items were simplified. Tariffs were amended with the respect to current market situation. Should you have any questions or require additional information, do not hesitate to write a message
From November 17 to November 20, for the tenth year running, the Light Festival Staro Rīga will take place in Riga. The Festival keeps wishing Latvia many happy returns of the day, spreading light and a joyful sense of togetherness and illuminating Riga’s streets and buildings, parks, squares and courtyards. This year the Festival marks the path of light to Latvia’s centenary and this year’s theme is Uz zvaigznēm [To the Stars]. Norvik Banka will also be a part of the light, making its buildi
Norvik Banka improves content and offers additional services to Mastercard® Business and Mastercard® Business Platinum cardholders. Take advantage of Norvik Privileges loyalty program, available to Mastercard® Business and Mastercard® Business Platinum cardholders. Starting November 20th, 2017 card maintenance rates for Mastercard® Business and Mastercard® Business Platinum will be reduced: Service Current Rate New Rate(valid from 20.11.2017)
In collaboration with Norvik Banka the Digital Freedom Festival is organising a discussion on money and cybersecurity. The discussion will be held on November 1st, from 18:00 to 20:00 at the People Work conference hall (E. Birznieka-Upisa 21, Riga). Oliver Bramwell, CEO of Norvik Banka: “During the second Digital Freedom Festival and Norvik Banka Fintech meetup we will have a great opportunity to warm up before the big Digital Freedom Festival, where at the Norvik Lounge we will welcome ever
In mid-September in Barcelona, Spain, the long-standing partner of Norvik Banka – the payment system provider Mastercard – hosted their annual Mastercard Direct Services conference with a motto “Connecting You to What’s Next”. Along with the other guests, the conference was attended by the representatives of Norvik Banka. The motto of the conference truly reflected the content of the speeches and presentations – to “connect” the audience with the most up-to-date innovations in the payments sp
Aligned with improving the quality and enhancing the speed of payments processing, as well as meeting the needs of your business, we would like to remind you of the possibility to make payments in the national currency of your business partner! The wide network of correspondent accounts allows Norvik Banka to find the most convenient payment route for funds to be received by beneficiary in, for instance, Mainland China or Hong Kong, within the shortest time. For your convenience, considering
Please note that as from 3 December 2017 service tariffs will change for cash transactions. The changes are applicable to private individual, non-residents and residents of the Republic of Latvia. For the list of services and the new tariffs click here. For added convenience in using your everyday services, certain tariff items were simplified. Tariffs were amended with respect to the current market situation. Should you have any questions or require additional information do not hesi