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Bank In Latvia - Latvijas +371 |
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BALTIC TRUST BANK |
| About: |
| The Joint Stock Company “Baltic Trust Bank” (BTB) started its activities in 1992 under the name “Baltic Transit Bank”. The Bank acquired its initial name due to the fact that over the first years of the Bank's activities servicing of export, import and transit flows of goods was chosen as a strategic line of its business. Since its foundation date BTB has outgrown the narrow framework of a one- industry bank and become one of the major all- purpose commercial banks of Latvia that provides servicing in all industries of national economy. Over the period of its operation the Bank has been offering new services to individuals and corporate persons. In order to make bank services more accessible to Latvian residents, BTB established a network of branches and agencies over the first two years of its activities, covering the entire territory of this country. The Bank has established close co- operation with foreign correspondent banks, which makes it possible to execute foreign payments fast and with appropriate quality, and ensures operation of the Bank's documentary instruments in any region across the world. In 2004 BTB Shareholders decided to make transition to a new name of the Bank. Such transition indicates that the Bank has achieved a higher level of development. The new name– JSC “Baltic Trust Bank” was registered with the Register of Enterprises of the Republic of Latvia in October 2004. The English language is generally accepted in banking industry. It is trust that underlies banking as a business. Currently BTB is one of the leaders of the bank services market in Latvia. It is an all-purpose commercial bank offering a wide range of services throughout the territory of Latvia , as well as via electronic access channels (“Internet- Bank”, "Client- Bank", “Telephone- Bank” etc.), with a focus on both individuals, and corporate persons. With stable development, it ensures that continuously growing requirements of its customers for the quality of financial services are met. BTB is among the commercial banks of Latvia with the most extended system of branches and agencies . Among its Customer s the Bank has major enterprises, local municipalities in all regions of Latvia, a number of divisions of the State Treasury, private business companies, including peasant farms. The Bank has established subsidiaries for asset management, rendering services in property assessment and investments, and a pension fund. In 2004 Moody's Investors Service Agency assigned international ratings of Ba3/NP and D with the stable prospects to the Bank. The Bank adheres to the generally recognized principles of banking activities in its work. Today BTB pays special attention to raising the quality and level of its services. The Bank's organisation lay- out is improved too. Maintaining a high professional level of the Bank's personnel is set as one of its major tasks. Personnel motivation improves and the network of its branches is optimised. The approved strategic plan of the Bank's development lays down its short- and long-term objectives and ways of their achievement. The Bank continues to increase its financial activities with every day. The volume of inter- bank transaction s and customer payments increases. This indicates the success of the Bank's tariff policy and its ability to attract new customers. BTB improves its Loan Policy consistently. As a result, the share of such popular lending products as mortgage loans increased including loans to customers against mortgaged flats. The Bank's borrowers are a wide scope of enterprises in more than one promising industry- transport, food industry, woodworking, construction, trade communal and other services. BTB is focused on development of its services and products, paying special attention to the needs of its customers, offering effective solutions of payment, lending and deposit issues. The Bank offers a wide range of payment card products to its corporate and individual customers. The Bank's ATMs are located across the territory of Latvia. |
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