AS Reģionālā investīciju banka (hereinafter – RIB) has introduced the instant payment option ensuring instant payments between credit institutions, which have joined the SEPA Instant Credit Transfer scheme. RIB will offer instant payments with the highest limit per outgoing payment in Latvia – EUR 50,000. Instant payments are available on all RIB payment platforms – both Internet Banking and Mobile App.

 Instant payment possibilities are offered by more than 2 thousand banks and payment institutions across Europe, whereas in Latvia, after RIB has joined the instant payment system, instant credit transfers are ensured by 6 commercial banks and the Bank of Latvia.

“RIB’s competitive advantage on the Latvian financial services market is the combination of customer service and the latest digital solutions based on deep understanding and consulting. Last year, we introduced our new Internet Banking mobile application with a unique Digipass code calculator functionality; this year – instant payments providing our customers with a full range of the most convenient finance management possibilities”,

– Aleksandrs Jakovļevs, Chairman of the Board at RIB, said.

 RIB’s instant payment solution envisages that customers themselves do not have to choose the transfer type – bank’s payment solutions will direct the customer’s transfer to the fastest transfer type possible and choose the instant payment option, if the other bank in the transaction has also introduced such an option.

RIB’s development strategy envisages focusing on cooperation with Latvian medium and large enterprises, offering them individual understanding and approach. RIB primarily focuses on crediting, while still ensuring the full range of daily financial services to its customers.

At the end of Q3 2020, RIB’s assets amounted to EUR 236.7M, the first-level capital adequacy indicator was 22.60, whereas the overall capital indicator was 24.28, exceeding the capital adequacy level set for the Bank by the FCMC more than twice. The liquidity coverage indicator of the Bank reached 180.28% by the end of Q3 2020, significantly exceeding the 100% liquidity coverage requirement stipulated by normative acts. The capital and reserves of the Bank increased up to EUR 37.2M last year.

Additional information:
Ingrīda Klagiša
AS “Reģionālā investīciju banka”
Head of the Administrative Support Department
Telephone: + 371 67 359 000
E-mail: pr@ribbank.com

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