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Magnetiq Bank AS (Latvia)

Main Activities: Commercial Banking
Full name: Magnetiq Bank AS Profile Updated: January 08, 2025
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Russian Download a sample report

LPB Bank AS is a company located in Riga. They offer innovative banking services and modern IT solutions to clients in various industries. Their main products and services include e-commerce solutions in partnership with Visa and Mastercard, as well as integration with Apple Pay for online and mobile payments. LPB Bank also provides access to a wide range of banking services for FinTech companies and startups, supporting the launch and growth of businesses. The company emphasizes a clear understanding of clients' business needs, a team of professionals, and a long-term partnership outlook for continued development and growth.

Headquarters
Brivibas iela 54
Riga; Riga; Postal Code: 1011

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Website: http://www.lpb.lv

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
September 05, 2008
Key Executives
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Chairman of the Supervisory Board
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Member of Management Board
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Member of Management Board
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Member of Management Board
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Member of Management Board
Ownership Details
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100%
Company Performance
Financial values in the chart are available after Magnetiq Bank AS report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency EUR. Absolute financial data is included in the purchased report.
Net interest income
46.63%
Net fee and commission income
17.46%
Operating profit (EBIT)
-20.26%
Net Profit (Loss) for the Period
-82.29%
Total assets
-0.55%
Total equity
7.59%
Total Assets Trend
18.17%
Net Interest Income Trend
N/A
Cost to Income Ratio
1.45%
Loans to Asset Ratio
-1.44%

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