Social charter of banks

Latvijas pasta banka joins Social charter of banks.

The Association of Latvian Commercial Banks has developed a document that describes the principles of responsible and diligent work of all banks in Latvia. We fully share and agree with the standards and values described in the charter and work on a daily basis in order to implement them in its entirety.

Social charter of banks is developed in order to create a reliable, responsible and sustainable banking system in Latvia that would ensure preconditions for the balanced financial management of banks and their clients, as well as welfare growth in the long-term.

The charter is based in the concern that the bank shall make sure that relations between the bank and its clients are fair. The bank shall provide its clients with necessary information regarding its products and services in an easily understandable manner and ensure that its clients understand both their essence and risks associated with the use thereof.