The Bank changes its name

AS Latvijas pasta banka changes its name, becoming AS LPB Bank (LPB).

In 2018, Latvijas pasta banka (LPB) marks its 10th anniversary. Since 2008, the bank has come a long way growing and developing to provide high-quality and modern services to its clients.

There are more than 200 qualified specialists currently working at the bank. Expanding in FinTech area, LPB is glad to provide more opportunities for local businesses and service providers and develop its capabilities in the European Union market.

After the change of name, the bank will maintain its existing business strategy – offering services to legal entities in the first place, creating a client portfolio based on the provision of personalised services. Along with the legal entities, the bank offers customized services to private high net worth individuals.

Main regions of AS LPB Bank’s operation are Latvia, EEA countries, Russia and other CIS countries. Main fields of operation are: issuance and acceptance of payment cards in POS terminals and Internet in cooperation with such well known organisations as Mastercard, Visa, Tieto, First Data, and Global Payment, using VISA and Mastercard acquiring a licenses for Europe, thus providing services to online traders throughout Europe, placement of raised funds in financial instruments, as well as lending to legal entities, especially working capital and trade financing.

The brand LPB has been formed from the former name of the bank – AS Latvijas pasta banka. The new name will be easier and more convenient to use in communication – both in the banking environment and by clients and cooperation partners.

The change of AS Latvijas pasta banka’s name to AS LPB Bank is registered in the Commercial Register of the Republic of Latvia on December 15th of 2017. AS LPB Bank will start its operation under the new brand as of January of 2018.

The change of the legal name will not cause any inconvenience to the bank’s clients. These changes will not affect the bank’s legal address and details. Moreover, the LPB clients and partners do not need to revise the cooperation conditions or enter into new agreements.