Published: 16.08.2019

Acting in line with the Eurosystem regulatory framework and following the decisions of the euro area banking supervisors (the European Central Bank, the Supervisory Board of the Single Supervisory Mechanism and the Single Resolution Board) and the national supervisor (the Financial and Capital Market Commission), Latvijas Banka has suspended AS PNB Banka operation in the payment systems TARGET2-Latvija and EKS.

Furthermore, Latvijas Banka no longer issues cash against the bank's cash balance on its account with Latvijas Banka.

AS PNB Banka's participation in the monetary policy operations held by the Eurosystem and Latvijas Banka has also been suspended.

The above measures will in no way hinder the disbursement of the guaranteed deposits. The Financial and Capital Market Commission will duly take a respective decision.

For further information, please, refer to the website of the Financial and Capital Market Commission at

Latest News


Latvijas Banka imposes a 2 million euro fine on AS LPB Bank upon concluding an administrative agreement

Latvijas Banka has concluded an administrative agreement with AS LPB...

Stranded Capital in Production Networks: Implications for the Economy of the Euro Area

Working paper 6/2023

Latvijas Banka announces a Competition of Student Scientific Research Papers

To promote the research and analysis of Latvia's and euro area's...

ECB selects “European culture” and “Rivers and birds” as possible themes for future euro banknotes

  In short “European culture” and “Rivers and...

Financial sector agrees on continued measures ensuring access to cash

Latvijas Banka, Finance Latvia Association and the commercial banks...

Latvijas Banka is issuing a coin dedicated to the anniversary of the Museum of the History of Riga and Navigation

On Wednesday, 29 November, Latvijas Banka will issue an unusually...

Internal control systems of Latvian financial institutions have been improved substantially, proportionate risk management and risk appetite need to be strengthened

Over the past years, the risk level of money laundering and terrorism...

Latvijas Banka issues a gold collector coin "The Golden Horses"

On Wednesday, 15 November, Latvijas Banka is issuing a gold...

Opening remarks by Mārtiņš Kazāks

Ladies and gentlemen, Welcome to the annual conference of Latvijas...

Latvijas Banka issues authorisation to provide crowdfunding services to SE Capitalia

On 1 November, the Supervision Committee of Latvijas Banka...

Management framework for critical financial services has been updated

As part of its efforts to strengthen the resilience of the Latvian...

Latvijas Banka is issuing a coin dedicated to basketball in Latvia

On Tuesday, 31 October, Latvijas Banka will issue a silver...