Ablv Bank

4 results

Dermot Desmond, who owns a 33 per cent stake in Rietumu Banka in Latvia. Photograph: Dara Mac Dónaill

Dermot Desmond-backed Rietumu Banka in Latvia delivered an increase in profit in the first quarter as it kept a tight rein on expenses and the lender’(...)

Dermot Desmond owns a 33% stake in Rietumu Banka. Photograph:  Dara Mac Dónaill

External auditors of the Dermot Desmond-backed Rietumu Banka in Latvia have highlighted that “material uncertainty” following a regulatory clampdown o(...)

The ECB  in Frankfurt, Germany.

The European Central Bank is considering a new policy tool that would allow it to inject cash into banks that are being rescued from the threat of in(...)

  Latvia Ilmars Rimsevics. Latvia’s finance minister said Mr Rimsevics should step aside for the time being to protect the Baltic country’s reputation. Photograph: Roman Koksarov/AP

Latvia’s anti-corruption agency has detained central bank governor Ilmars Rimsevics, prompting calls for him to step aside while he is under investiga(...)