Latvijas Banka >About the Bank of Latvia >Organisation >Vision, mission, values >The Bank of Latvia’s statements of its vision, mission and values

The Bank of Latvia’s statements of its vision, mission and values

VISION

The Bank of Latvia is an independent entity that carries out its tasks in the public interest and with a high sense of professional responsibility. It is a full-fledged participant in the European System of Central Banks and cooperates with other institutions of the European Union, developing stable and favourable environment for the economic growth of Latvia.


MISSION

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 an active and responsible participant of the European System of Central Banks, promoting integration and stability of the financial systems of Latvia and other EU countries.
The Bank of Latvia raises the level of Latvian general public's perception of economic issues, promoting understanding and credibility.

The Bank of Latvia operates effectively in a professional manner ensuring high quality, risk management and business continuity.

The Bank of Latvia is a reliable cooperation partner.


OUR VALUES

Our employees are of utmost value to us. We maintain a safe and healthy working environment. Employee motivation, creative approach and responsibility are essential preconditions for successful operation of the Bank of Latvia. In its employees, the Bank of Latvia highly values the following:
1. orientation towards service quality and result;
2. use of high technologies and corporate government principles;
3. teamwork and maintaining favourable working environment;
4. professionalism:
- quality performance of tasks, meeting the deadlines,
- initiative,
- ability to identify drawbacks, inform about them or correct them if the person himself/herself can do it,
- ability and willingness to admit one's mistakes and correct them,
- application of the principles of best practice,
- ability to be prudent and risk-appraising when making decisions,
- ability to safeguard information,
- willingness to acquire knowledge and ability to be flexible regarding reasonable changes,
- ability to be part of the team and share know-how and experience with colleagues;
5. ethical attitude towards work and colleagues:
- intelligence in mutual relationships,
- honesty,
- good fellowship,
- respectful attitude and behaviour and no discrimination on the basis of nationality, gender, religion and opinions,
- awareness of the special responsibility and the importance of the duties of the employees of the central bank in order to promote the Bank of Latvia's credibility;
6. civic qualities: patriotism and sense of duty towards the country and its people.