J/C (Joint-Stock Company) "VEF Banka" (License Nr. 18, issued by the Bank of Latvia) began its activities in March 1992.
J/C "VEF Banka" has always paid attention to quality customer service, speed of bank operations, consultative assistance to its customers in all business spheres, and to a balanced approach to evaluating the risks. In its future development, J/C "VEF Banka" will stick to the previously chosen strategy, gradually extending the range of its offered services that first will be customer driven, to satisfy their needs.
In its business, J/C "VEF Banka" uses modern information technologies: SWIFT, Reuters and other systems and business applications that are integrated in the software of the bank.
JSC "VEF bank" offer Corporate Bank Accounts as well as Bank Account for Private Persons. Multicurrency Account could be used for all kind of banking operations, Trust operations, Savings, Money transfers. Bank Account is managable via Internet, using Internet-banking system.
The Bank is crediting different industries of national economy, without emphasis on crediting one industry or a group of industries. When determining the terms of credit products, the following factors are taken into consideration: the purpose of credit, available sources of credit repayment, cash flow, financial situation of the borrower, previous history of cooperation with the Bank, as well as type and quality of the credit security.The Bank grants credit products in Latvian Lats (LVL); euros (EUR).