On February 28 a new Finance Latvia Council has been elected. The new Council encompasses six members and one associate member of the Finance Latvia Association. On March 29 Mr. Guntis Beļavskis, Chairman of the Management Board at Citadele Bank and Mrs. Ieva Tetere, Chairman of the Board at SEB bank have been elected as a Chairman and Vice- Chairman of the Council respectively.

On February 28 the Annual General Meeting has elected a new Council of the Finance Latvia. Member firms of the Council are represented by their higher executives: Reinis Rubenis, Chairman of the Board at Swedbank, Kerli Gabrilovica, Head of Retail Banking, Country Manager Latvia at Luminor bank AS, Dmitrijs Latiševs, Chairman of the Board and Executive Committee, Chief Executive Officer at BlueOrange Bank, Inese Zīle, Member of the Board at Joint Stock Company “Development Finance Institution Altum” and Jevgenijs Belezjaks, Chairman of the Management Board, CEO of the Baltic Region at UniCredit Leasing.


“The main tasks of the Finance Latvia are now and will continue to be to promote the development of innovations and technologies in the financial sector, as well as to strengthen the implementation of the highest standards of compliance. The development of these areas is important for the growth of both the Latvian and Baltic economies, as well as to provide access to modern, high-quality financial services for businesses and the general public. It is positive to see that, within the past year, the Association has been joined by new associated members not just from the financial sector, but also the technology sector. This confirms that the Association’s productivity is being increasingly valued by other sectors closely linked with the financial sector, as they consider opportunities for productive collaboration. Today, when the development of various sectors’ products and services is very closely linked, this interdisciplinary collaboration is particularly valuable. Therefore, I warmly invite businesses operating in any sphere, who see that our Association’s operational directions promote development, to join the Finance Latvia Association.”

Guntis Beļavskis, Citadele Bank Chairman of the Management Board and Chairman of the Council of Finance Latvia:


“Board of Financial Latvia continues to pursue the vision – Latvian financial industry pursues broad partnerships and leads in innovation in Europe. The Association has a crucial role to play in providing a regular and high-quality discussion with policymakers, industry, other industry associations and entrepreneurs. This approach allows decision-makers and industry to cooperate and to build a prudent and community-friendly environment. The Association has clearly defined its priorities, taking an important role in representing the interests of industry and its customers. The willingness and achievements of the Association are now stronger than ever to strengthen the financial and digital literacy, as well as to build new partnerships with other players in the financial and related industries. We, as an industry player, have responsibility in building an educated and collaborating society; that is the reason why I and my colleagues can be part of the team that work on this agenda,”

– Ieva Tetere, Chairman of the Board at SEB bank and Vice-Chairman of the Council of Finance Latvia.


Finance Latvia is an open-minded European facing non-for-profit organization for broad and joined-up representation of finance, technology and related industries in Latvia, the Baltics, and Europe. Our vision – Latvian financial industry pursues broad partnerships and leads in innovation in Europe. Currently, the Finance Latvia brings together 33 banks and other financial services providers. The Association continues to work on developing three priority workstreams:

  • Development – the industry adheres to the highest international standards and provides competitive, modern and European facing financial services to support the growth of the economy
  • Technology – Latvian financial industry is agile and using technology to enable access for European customers
  • Compliance – achieving the highest anti-money laundering and combating the financing of terrorism (AML/CFT) compliance standards among member firms within the next 2 to 3 years.

Finance Latvia continues its development strategy aimed to become a platform for cooperation amongst finance, technology and related industries for broad interest representation in Latvia, Baltics and Europe. Since summer 2018 Finance Latvia have welcomed new associate members – Intrum, one of the industry-leaders of Credit Management Services in Europe, Microsoft Latvia, representative in Latvia for Microsoft, Mintos Marketplace, global online marketplace for loans, Latvian Baltic Energy Efficiency Facility and one of the leading Law Office in Latvia Eversheds Sutherland Bitāns


Contact person: Kristīne Mennika, +371 26528533

Media announcement
April 8, 2019

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