AS LTB Bank is one of the oldest banks in Latvia, it was established in 1991. Formerly known as Akciju Sabiedriba ‘Latvijas Tirdzniecibas Banka’, it changed its name to AS LTB Bank in April 2009. Since 2003, the Bank is a subsidiary of Open Joint Stock company MDM Bank — the largest privately-owned banking group in Russia. Bank’s activities are closely connected with the development of the parent company MDM Bank and the related financial group.
AS LTB Bank provides various financial services to individuals and corporate customers in Latvia and internationally. The Bank offers current accounts and deposits, escrow accounts and payment cards. Also, the company provides local and international money transfer services, trade financing services and trust services, as well as grants loans. LTB Bank offers additional services such as individual safety boxes and safeguarding services.