Verified List of Banks in Latvia (2026 Update)

The Latvia section of our directory lists 15 verified financial institutions, concentrated in and around Riga. Verification was completed as part of the 2026 data cycle.

Latvia has a population of approximately 1,845,000, offering scale context for its 15 listed banking institutions. Foreign exchange reserves equal roughly 10.02% of GDP, indicating a limited external liquidity buffer relative to economic output. Average inflation is estimated at approximately 2.60%, a useful benchmark for currency and purchasing-power stability in the region. The largest commercial bank operating in Latvia is Swedbank.

Latvia's banking sector shows roughly 100% direct SWIFT/BIC connectivity, corresponding to an 'Integrated' classification under the Bankinfobook Financial Connectivity Index.