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Latvijas Banka (Bank of Latvia, National Bank of Latvia) is the central bank of the Republic of Latvia. It was created out of the State Savings and Credit Bank, whose assets and liabilities were taken over by the Bank of Latvia on November 1, 1922. The objective of the operation of the Bank of Latvia as the central bank is price stability promoting Latvia's long-term economic growth. The Bank of Latvia is independent in making and implementing decisions. It is supervised by the Parliament (Saeima) of the Republic of Latvia. The Council of the Bank of Latvia comprises the Governor, Deputy Governor and six members whose term in office is six years. The Bank of Latvia is a full-fledged participant in the ESCB and cooperates with the Bank for International Settlements (BIS), the World Bank and other international financial institutions. In December 2001, Ilmars Rimsevics was appointed Governor of the Bank of Latvia. As of December 2011, Latvijas Banka had total assets of 3.539 billion lats (US$6.42 billion).
Address:
K. Valdemara street 2A
Riga, LV-1050
Latvia
Phone: (+371) 6702 2300
Fax: (+371) 6702 2420
Website: www.bank.lv