The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Awards for excellence - Latvia

Best bank:

Parex Bank

Best debt house:

Parex Bank

Best equity house:

Parex Bank

Best M&A house:

Parex Bank

In Latvia Parex Bank sweeps the board. It is the largest bank in Latvia and has increasingly improved its position in the Baltic market as a whole, offering services across the spectrum of banking: retail, corporate, investment management, trade finance, custody and payment services. Parex has very successfully ridden on the back of the emerging industries and companies in Latvia and the Baltics, providing the growing numbers of these firms and wealthier individuals with banking services.

As business has grown, so has Parex, with the bank broadening its range of products and taking advantage of new opportunities for cross-selling. The bank achieved a record profit in 2000, and its cumulative profit since 1993 is double that of the total profits of its main competitors in Latvia.

In the near future, Parex hopes to expand its position in the Baltic region, with the goal of becoming the region's top financial player in all spheres of banking. In retail, it is looking to expand its operations in Lithuania, as well as build up its activities in Estonia.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree