Latvijas Pasta Banka


how to open a bank account in latviaAbout Latvijas Pasta Banka (LPB)

Latvijas pasta banka (Latvia Post Bank) is a modern bank that unites young professionals who strive for innovation and respect traditions.

Each employee individually and the bank as a whole, are focused on success. Being perfectionists, we do our best to guarantee our partners, customers, and employees the best service and an attitude of the highest quality.


The bank deeply appreciates traditions, offering its clients a wide range of classical banking services, such as the opening of current accounts, deposit accounts, safe deposit boxes, loans, asset management and trading.


Latvijas pasta banka is a team of experts aiming to achieve the most ambitious of goals. We are able to respond quickly to changing market conditions and customer needs, finding the best solutions.


The use of modern technology lays at the core of the bank system. The combination of modern IT-solutions and banking services is our strong point, allowing us to provide high-quality services in the field of e-commerce and to compete successfully on the global market.

One of Latvijas pasta banka’s priorities is the safekeeping and protection of its own and its Customers’ business reputation, by eliminating the involvement of the Bank in money-laundering and terrorism financing.

LPB Locations:

  • Riga, Latvia

Novasigma’s rating:

  • For locally operating companies: 3/5
  • For global operating companies: 5/5
  • For savings / long term deposits: 3/5
Corporate accounts for a local entity Yes
Corporate accounts for a foreign entity Yes
Online banking available Yes
Pin calculator available Yes
Debit cards available Yes
Credit cards available Yes
Personal visit required at branch for bank account activation No
Full remote bank account opening with Novasigma Yes
Currencies All major currencies
Term deposit available Yes
Safety deposit boxes available Yes (Riga)
Cash deposit services available Yes
Leasing services available No
Online trading services available (currencies, stocks, bonds) Yes
Time frame for a local company 1-2 weeks
Time frame for an offshore company 1-4 weeks
Minimum opening deposit from 500€ for foreign entities

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