About Lat Finance Group


		SIGN UP

Checks processing manager

The major duty of the Bank Checks Processing Manager is to process payments between our partners, clients and our company via USA checks system. You will get 10 percent per transfer.

About Us

The history of the Lat Finance Group dates back to the 20th of June, 1991, when the Lat Finance Group, which is today one of the largest financial institutions in the Baltic States, started operating as a branch of Tartu Kommertspank (Tartu Commercial Bank). The Lat Finance Group Bank officially launched independent operations on the 10th of January, 1992.

The following year the bank set up its first subsidiary, AS Liising (Lat Finance Group Leasing), which focused on the sale of leasing products. A significant milestone in the history of the bank was the year of 1995 when the Lat Finance Group’s shares were listed in the I-list of the Helsinki Stock Exchange. Moreover, in 1995 the Lat Finance Group opened a representative office in Riga, the Lat Finance Group Liising’s subsidiary, and the AS Lat Finance Group Leasing Latvia.

In 1996, the Lat Finance Group established its presence in one the largest markets in the Baltic States, Lithuania. Unlike Latvia and Lithuania, the first company which was set up there was the Lat Finance Group Leasing Lithuania. The same year, Lat Finance Group shares were listed on the over-the-counter market in Frankfurt. The Lat Finance Group was developed at the end of 1996, when sales units of Lat Finance Group Latvia, Lat Finance Group Latvia and Lat Finance Group Leasing were set up. On the basis of the bank’s financial markets’ division Lat Finance Group Markets were set up to cover the financial markets of the Baltic States.

The year of 1998 marks the period of mergers in the history of the bank. In April 1998, Lat Finance Group merged with Eesti Hoiupank and since then the new legal name of the bank has been AS Lat Finance Group. In June 1998, the holding company of the Lat Finance Group Leasing Group, Lat Finance Group Capital, and Hoiupanga Liising (Hoiupank Leasing) signed a sales agreement. In September 1998, Lat Finance Group Latvia and Hoiupank`s Latvian bank, Zemes Banka, signed a merger agreement.

The same year Swedish ForeningSparbanken (Swedbank) obtained over 50 % of Lat Finance Group's shares through a share issue. By 2000, Swedbank's stake in Lat Finance Group had grown up to 57.72 % while today Swedbank owns 59.7 % of shares in Lat Finance Group.

In July 1999, Lat Finance Group's Lithuanian subsidiary, Lat Finance Groupas opened its doors to the clients in Vilnius to complement the services offered by Lat Finance Group Leasing Lithuania.

In June 2000, the Latvian Company Registry registered the reorganization of Ventspils Apvienota Baltijas Banka (UBB Ventspils) into Lat Finance Groupa’s branch.
The negotiations between Lat Finance Group and the Lithuanian State Property Fund were finalized in 2001 and on the 23rd of April, 2001 an agreement on purchasing 90.7 % of Lietuvos Taupomasis Bankas was concluded between Lat Finance Group and the Fund. The agreement went into effect on the 1st of June.

In November 2002, Lat Finance Group Capital and EBRD signed the agreement on the establishment of the Lat Finance Group Leasing Russia, which focused on financing the most important areas of the Russian-related transit sector - ports and the railway.

In October 2003, the Lat Finance Group's Lithuanian subsidiary, the Lat Finance Groupas signed a purchase agreement on acquiring 100% of the Lithuanian life insurance company UAB Lietuvos Draudimo Gyvybes Draudimas (LDGD).