AS "Rietumu Banka"
- Company typePrivate
- Founded1992
- HeadquartersRiga, Latvia
- Headcount—
- GTM typeB2B and B2C
- OfferingServices
AS "Rietumu Banka" firmographics
Firmographics- Name
- AS "Rietumu Banka"
- Legal name
- AS "Rietumu Banka"
- Website
- https://rbinvestments.lv
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Ownership category
- akta.pro rank
AS "Rietumu Banka" industry classification
Industry- Product category
- Corporate and Private Banking
- NAICS
- Depository Credit Intermediation (5221), Commercial Banking (52211)
- SIC
- National Commercial Banks (6021), State Commercial Banks (6022)
- akta.pro primary industry
- General SME & Middle-Market Commercial Banking (FSABABAA)
- akta.pro secondary industries
- Private Banking Advisory & Discretionary Portfolio Management (FSABADAD), SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB), Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)
Keywords
Where AS "Rietumu Banka" is headquartered
LocationHeadquarters
- HQ city
- Riga
- HQ country
- Latvia
- HQ region
- Europe
Offices1 record
Markets served
AS "Rietumu Banka" business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Corporate Banking Services: Full range of financial services for large enterprises including accounts, payments, lending, and cash management.
- Private Banking Services: Banking services for wealthy individuals including accounts, deposits, investment management, and premium cards.
- Lending Operations: Business lending in Latvia and EU member states, mortgages, credit facilities, and trade finance including letters of credit and guarantees.
- Brokerage and Trading: Access to leading stock exchanges, margin lending, and trading in stocks, bonds, derivatives, and precious metals.
- Payment Cards: Issuance and management of corporate and personal payment cards including Visa Infinite, Platinum, Gold, and corporate cards with associated fees.
- Asset Management: Investment portfolio management and wealth management services for high-net-worth clients.
- Foreign Exchange Operations: Currency exchange services including TOD, TOM, SPOT, Forward, and SWAP operations for corporate and retail clients.
- Documentary Operations: Documentary letters of credit, bank guarantees, and documentary collections for international trade financing.
- Corporate Finance and M&A Advisory: Merger and acquisition advisory, investment attraction, and real estate transaction services.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels1 record
AS "Rietumu Banka" product offering
Product offeringCore offering
AS "Rietumu Banka" is a licensed Latvian bank providing a full range of corporate and private banking services to large enterprises and high-net-worth individuals, including multi-currency accounts and payments, business lending and trade finance, brokerage, asset/wealth management, and a premium payment card portfolio (Visa Infinite, Platinum, Gold, plus corporate cards). The bank's core offering is delivered through the iRietumu digital banking platform (internet and mobile) and the Enterprise Link corporate remote banking system, with additional channels for personal manager-led service, classical deposits, gold investment, safe-box custody, M&A advisory, and PSD2 open-banking APIs.
Product overview
AS Rietumu Banka is a Latvian bank providing a comprehensive financial services portfolio for large enterprises and high-net-worth individuals. The core offering centers on the iRietumu digital banking platform (internet and mobile apps) which enables account management, payments, and currency operations. This platform is complemented by Enterprise Link for advanced corporate users. Card products include Visa Infinite, Visa Platinum, Visa Gold for private clients, and a corporate card suite (Platinum, Gold, Silver, Classic). Additional services encompass brokerage with access to global exchanges, investment management with sustainability focus, gold investments, safe boxes, classical deposits, business lending, and open banking via the PSD2 API. The bank also offers M-Bank notifications and Rietumu ID authentication. The architecture combines a unified digital banking core with modular financial services that can be accessed across multiple channels.
Differentiator
Problem solved
Functional benefit
Brands
- iRietumu: Internet banking platform for both corporate and private clients, providing access to accounts, balances, statements, payments, and currency exchanges.
- Enterprise Link
- M-Bank
- Rietumu PSD2 API
- Digipass Mobile
Products and services
- iRietumu Internet Banking Comprehensive online banking platform providing wire transfers, foreign exchange, account and card management, deposits, loans, and investment portfolio management for corporate and private clients.
- Mobile Bank Rietumu (iRietumu HD)
- Enterprise Link Remote Banking System
- Rietumu PSD2 API
- Visa Infinite Card
- Visa Platinum Card
- Visa Gold Card
- Corporate Cards (Platinum, Gold, Silver, Classic)
- Brokerage and Trading Services
- Business Lending
- Documentary Operations (Letters of Credit, Guarantees, Collections)
- Asset and Investment Management
- Corporate Finance and M&A Advisory
- Investment Gold
- Individual Safe Boxes
- Classical Deposits
- M-Bank (Text Alerts and Notifications)
- Rietumu ID Identification and Authorization System
- Foreign Exchange Operations
Quantifiable outcome
- Business lending application consideration in up to 2 weeks from full documentation submission
- +1 more outcomes
Companies that use AS "Rietumu Banka"
Customer profileSegments2 records
Ideal customer profiles2 records
AS "Rietumu Banka" technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature6 records
AS "Rietumu Banka" partnerships and signals
Strategic signalScale indicators1 record
Recent moves5 records
Expansion highlights5 records
AS "Rietumu Banka" competitors and assessment
Company assessmentEmerging players
- Revolut Business: Digital-first business banking and FX platform rapidly expanding across the EU. Emerging competitor for SME and corporate banking, payments, and FX — particularly relevant given Rietumu's PSD2-enabled ecosystem.
Regional players
- LHV Pank: Estonian universal bank offering corporate banking, lending, brokerage, and asset management. Comparable product mix and SME/large-enterprise positioning; operates primarily in Estonia rather than Latvia.
- Bigbank: Baltic-headquartered bank focused on lending and deposits for private and business customers. Comparable in Baltic market presence and SME/business lending focus; differs in narrower product scope.
Broad incumbents
- Nordea Bank: Nordic universal bank serving large corporates, institutions, and HNW clients across the Nordics and Baltics. Competes for large enterprise banking, cross-border lending, and wealth management but with a far broader geographic and product footprint.
- UBS Wealth Management: Global private bank serving ultra-HNW clients with discretionary portfolio management, brokerage, and premium banking. Comparable in HNW private banking and asset management but at far larger scale and international reach.
Direct peers
- Citadele banka: Latvian-licensed bank offering corporate banking, lending, payments, cards, and wealth services to local enterprises and individuals. Closest head-to-head competitor in the same Latvian market with overlapping large-enterprise and HNW focus.
- Luminor Bank: Baltic universal bank serving SMEs, large corporates, and private clients across Latvia, Lithuania, and Estonia. Directly comparable in product scope (lending, payments, FX, cards, asset management) and target segments.
- Swedbank Latvia: Latvian operations of Swedbank Group, one of the largest banks in the Baltics. Competes across corporate banking, lending, payments, cards, and private banking with similar HNW and large-enterprise focus.
- Signet Bank: Privately held Latvian bank serving corporate and private clients with lending, payments, and investment services. Closely comparable in scale, private ownership structure, and target segments within the Latvian market.
- SEB Banka Latvia: Local subsidiary of SEB Group providing full corporate and private banking services in Latvia. Directly competes for large enterprise banking, lending, and HNW wealth management relationships.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
AS "Rietumu Banka" social profiles
Digital presenceAS "Rietumu Banka" financial estimates
Financial estimateRevenue estimate
Valuation estimate
AS "Rietumu Banka" leadership team
Management profileNumber of profiles
AS "Rietumu Banka" funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AS "Rietumu Banka" M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AS "Rietumu Banka"
What does AS "Rietumu Banka" do?
AS "Rietumu Banka" is a licensed Latvian bank providing a full range of corporate and private banking services to large enterprises and high-net-worth individuals, including multi-currency accounts and payments, business lending and trade finance, brokerage, asset/wealth management, and a premium payment card portfolio (Visa Infinite, Platinum, Gold, plus corporate cards). The bank's core offering is delivered through the iRietumu digital banking platform (internet and mobile) and the Enterprise Link corporate remote banking system, with additional channels for personal manager-led service, classical deposits, gold investment, safe-box custody, M&A advisory, and PSD2 open-banking APIs.
Is AS "Rietumu Banka" a public or private company?
AS "Rietumu Banka" is a private company. It is classified as unknown and is currently operating.
When was AS "Rietumu Banka" founded?
AS "Rietumu Banka" was founded in 1992.
Where is AS "Rietumu Banka" based?
AS "Rietumu Banka" is headquartered in Riga, Latvia, in the Europe region.
How does AS "Rietumu Banka" make money?
Nine revenue lines are on record. Corporate Banking Services are the primary driver. The others are private Banking Services, lending Operations, brokerage and Trading, payment Cards, asset Management, foreign Exchange Operations, documentary Operations and corporate Finance and M&A Advisory.
Who are AS "Rietumu Banka"'s main competitors?
Revolut Business is listed as an emerging player. Regional players are LHV Pank and Bigbank. Broad incumbents are Nordea Bank and UBS Wealth Management. Direct peers are Citadele banka, Luminor Bank, Swedbank Latvia, Signet Bank and SEB Banka Latvia.
Does AS "Rietumu Banka" have an API?
Yes. Rietumu PSD2 API - An open banking API that enables third-party providers to access account information and initiate payments in compliance with EU PSD2 regulations. Available for corporate and retail banking customers. Developer documentation is at www.rietumu.com/lv/corporate/accounts/remote/psd2-api.
What industry is AS "Rietumu Banka" in?
AS "Rietumu Banka"'s product category is Corporate and Private Banking. Its primary akta.pro industry code is FSABABAA, General SME & Middle-Market Commercial Banking, with a secondary code of FSABADAD, Private Banking Advisory & Discretionary Portfolio Management. Its NAICS code is 5221 and its SIC code is 6021.