The history of the bank
PNB Banka was established on April 29th 1992 and is one of the oldest commercial banks in Latvia.
In June 2019 a group of US and European investors have decided to take over the majority shareholding in PNB Banka acquiring the controlling stake of the Bank’s majority shareholder Grigory Guselnikov. Following the change of PNB Banka’s shareholders, the Bank will continue to provide the existing services making financial routine more convenient and available to everyone, irrespective of their age, status or well-being.
In order to strengthen the bank’s positions in the Latvian market, since 2014 PNB Banka has been working purposefully at increasing the bank’s efficiency. It has resulted in a wide branch network across Latvia, online bank that is the most convenient for seniors, Citizen Card that allows receiving benefits granted by municipality, customised solution for the disadvantaged people to receive welfare, as well as in a seniors employment program, thus being even closer to our clients.
In 2017, the management team was strengthened by attracting top-notch specialists in Latvian business management with Scandinavian banking experience, and in January 2018, Anders Fogh Rasmussen, a Danish politician and former Secretary General of NATO, became the Deputy Chairman of the Council of PNB Banka.
PNB Banka is one of the Latvia's top ten banks in terms of the asset amount, 95% of the bank’s clients are residents of Latvia.