In the Register of Enterprises of the Republic of Latvia the bank appears as Joint stock company „Regionala investiciju banka”. RIB is a Latvian bank offering its services to individuals and legal entities, both Latvian residents and non-residents. The bank has long term business contacts and working relationships with companies and other organizations in Ukraine.
RIB was licenced on 14 September 2001, on 28 September of the same year it was registered in the Company Register of Latvia. In 2003, the bank changed its shareholders.
Also, in 2003 the bank introduced a documentary operations service for Customers. In 2004, the bank began to offer its Customers Loans for increasing working capital, and this type of loan became very popular. Maximum growth was achieved by the bank in 2005.
The bank has several representative offices in Ukraine and Bulgaria. The Ukrainian joint-stock bank “Pivdennyi” is the major shareholder of RIB.