Introduction
Today, the influence of commercial banks on the economy is increasing. They actively intervene in all aspects of economic life through the accumulation of capital and control over it.
Commercial banks represent the second level of the banking system. They concentrate the bulk of credit resources; carry out a wide range of banking operations and financial services for legal entities and individuals.
The purpose of this work is to analyze the activities of two Latvian banks - Rietumu bank and LPB Bank.
Let us start the analysis by examining the general information about banks presented in Table 1.
Table 1.
General information
Name
Akciju sabiedriba "Rietumu Banka"
Akciju sabiedriba "LPB Bank"
Legal form
Joint stock company (AS)
Joint stock company (AS)
Registration date
14.05.1992
05.09.2008
Legal address
Riga, Vesetas iela 7, LV-1013
Riga, Brivibas iela 54, LV-1011
Reorganizations
29.06.2001 Added SAULES BANKA, Akciju sabiedriba (Reorga...
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