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The data of the
Association of Commercial Banks of Latvia show that by the end of 2014 Norvik Banka had serviced more than 86.5 thousand active customers and by that indicator the bank was ranked 5th in the industry. The bank's assets reached 996.4 million euros by the end of 2014: owing to the
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The bank had a network of branches and sales points in Latvia, however was not able to follow prudential requirements and was recognized as a "bank likely to fail" by ECB on 15 August 2019. Latvian
Regulator took sufficient actions and stopped all the transactions, in order to prevent fund flow
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The bank's capital adequacy ratio as of the end of the year was 15.19%, which was well over 10.76% a year ago. The bank's liquidity ratio reached 58.75% thus exceeding the indicator as of the end of the previous year – 55.38%. The bank's assets in June 2018 amounted to 618.7 million euros.
223:. Vyatka Bank is a universal regional commercial bank with representative offices in four Russian regions. Vyatka Bank focuses mainly on servicing of private persons and is a stable leader by all the most important bank performance indicators in Kirov Region.
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At the beginning of 2018 Russian businessman
Grigory Guselnikov and his family have acquired direct control over Vyatka Bank without mediation from Norvik Banka. On 9 November 2018 the bank has changed its name to PNB Banka as the next stage of development.
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increase in the customer base by 19% or 139.5 million euros and the attraction of additional capital from the shareholder in the amount of 69.6 million euros, within a year's time the bank's assets grew by 26% or 203.5 million euros.
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At the beginning of 2014 the Norvik Group employed 1002 persons (Norvik Banka – 604 employees), while at the end of 2014 the number of employees within the Norvik Group reached 1640 persons (Norvik Banka – 606 employees).
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was the 6th largest bank in Latvia by assets. The bank provided an array of various banking services to a wide range of customers from natural persons to international industrial enterprises.
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In
October 2014 the bank's shareholders invested in Norvik Banka's equity capital 69.638 million euros. On 16 October 2014 it was announced that Norvik Banka bought 97.75% stake in Russia's
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191:. The bank was established on 29 April 1992 and the majority of the firm was owned by Russian businessman
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355:"Guselnikov separates Russian Vjatka Bank from Norvik; puts it under his family's control"
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The
Chairman of the Board of PNB Banka was Oliver Bramwell. He resigned on 30 June 2019.
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Grigory
Guselnikov became the majority shareholder of Norvik Banka.
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In 2014, the leading partner of the London-based investment fund
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Banks under direct supervision of the
European Central Bank
421:"Norvik Banka pozitīvi vērtē 2014. gadā darbības rezultātu"
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299:"A guide to the rest of Latvia's non-resident banks"
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435:"JSC "Norvik Banka" Public report, II quarter 2018"
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215:. The deal was approved by both the Financial and
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341:"Norvik Banka iegādājusies Vjatka Bank akcijas"
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187:) was one of the oldest commercial banks in
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381:"Norvik Banka changes name to PNB Banka"
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890:2019 disestablishments in Latvia
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324:"Bank results, 2nd quarter 2018"
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297:Collier, Mike (12 March 2018).
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303:Public Broadcasting of Latvia
880:Banks disestablished in 2019
280:"AS "NORVIK BANKA" (Latvia)"
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507:List of banks in Europe
900:Defunct banks of Latvia
885:Companies based in Riga
16:Latvian commercial bank
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221:Central Bank of Russia
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385:Baltic News Network
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241:G2 Capital Partners
149:Number of employees
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361:. 27 February 2018
204:outside the bank.
193:Grigory Guselnikov
143:€100.96 mln (2014)
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387:. 9 November 2018
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389:. Retrieved
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185:Norvik Banka
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183:(previously
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133:Total equity
116:Total assets
52:Headquarters
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839:Isle of Man
774:recognition
748:Switzerland
683:Netherlands
391:22 November
365:22 November
284:thebanks.eu
213:Vyatka Bank
69:Area served
864:Categories
718:San Marino
678:Montenegro
658:Luxembourg
638:Kazakhstan
541:Azerbaijan
263:References
97:Net income
829:Gibraltar
653:Lithuania
206:PNB Banka
181:PNB Banka
170:.pnbbanka
89:insurance
849:Svalbard
834:Guernsey
781:Abkhazia
733:Slovenia
728:Slovakia
703:Portugal
561:Bulgaria
308:18 March
219:and the
81:Products
73:Europe,
758:Ukraine
708:Romania
668:Moldova
626:Ireland
621:Iceland
616:Hungary
606:Germany
601:Georgia
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551:Belgium
546:Belarus
536:Austria
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526:Andorra
521:Albania
199:History
163:Website
36:Founded
844:Jersey
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753:Turkey
743:Sweden
723:Serbia
713:Russia
698:Poland
693:Norway
673:Monaco
643:Latvia
611:Greece
596:France
571:Cyprus
189:Latvia
56:Latvia
819:Åland
738:Spain
663:Malta
633:Italy
438:(PDF)
327:(PDF)
393:2018
367:2018
310:2018
61:Riga
44:Fate
172:.eu
168:www
158:604
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