Latvijas Krājbanka has a good reason to call itself the oldest commercial bank in Latvia. The bank was established in 1924, during the first period of Latvian independence.
In 2003, the privatisation of Latvijas Krājbanka was completed, and 100% of shares changed hands to private shareholders and bank employees.
On 20 September 2005 Snoras, one of the largest commercial banks in Lithuania, became the primary shareholder in JSC "Latvijas Krājbanka" having acquired 83.01% Krājbanka shares.
Latvijas Krājbanka is a universal network commercial bank, offering high-quality services to businesses and private individuals in Latvia and the markets of the CIS. It services countries which are based on modern technologies and are tailored with of added value and risk minimizations in mind.
Latvijas Krājbanka is a universal network commercial bank offering qualitative services based on modern technologies to businesses and private individuals in Latvia and abroad.
Latvijas Krājbanka is one of the biggest providers of bank services to private individuals in Latvia. More than 91% of all privatization certificates accounts in Latvia are being served in Krājbanka. The activity of Krājbanka is also directed towards attracting corporate clients by offering them service that meet today’s and future demands.
Their bank has the greatest number of traditions among commercial banks in Latvia, serving clients for more than 80 years. The bank started its activity in 1924 as the Latvian Postal Service Savings Bank. The bank was always distinguished with a wide and developed client service network throughout Latvia, allowing serving clients easily and quickly in all towns and regions of Latvia. For the time being there are 122 clients service centres in Latvia, 41 of which are the mini banks. Latvijas Krājbanka ranks the first place among Latvian commercial banks after number of client service centres. Latvijas Krājbanka has 194 Automated Teller Machines (ATMs) and the number is growing.