Latvijas Krājbanka is a Latvia

Latvia

Latvia , officially the Republic of Latvia , is a country in the Baltic region of Northern Europe. It is bordered to the north by Estonia , to the south by Lithuania , to the east by the Russian Federation , to the southeast by Belarus and shares maritime borders to the west with Sweden...

n bank listed on the Riga OMX exchange

Riga Stock Exchange

The Riga Stock Exchange now "NASDAQ OMX Riga" is the sole stock exchange operating in Riga, Latvia. It is owned by NASDAQ OMX, which also operates exchanges in the USA, Denmark, Sweden, Finland, Iceland, Armenia, Lithuania, and Estonia...

. The bank dates back to 1924 when it was founded as the Latvian Postal Savings Bank

Savings bank

A savings bank is a financial institution whose primary purpose is accepting savings deposits. It may also perform some other functions.In Europe, savings banks originated in the 19th or sometimes even the 18th century. Their original objective was to provide easily accessible savings products to...

. Operations of the savings bank continued in various forms during the Soviet

Latvian SSR

The Latvian Soviet Socialist Republic , also known as the Latvian SSR for short, was one of the republics that made up the Soviet Union. Established on 21 July 1940 as a puppet state during World War II in the territory of the previously independent Republic of Latvia after it had been occupied by...

 period, and following the regained Latvian independence the privatisation process of the bank was initiated 1997 and concluded 2003.

Today, the main share holders are Lithuania

Lithuania

Lithuania , officially the Republic of Lithuania is a country in Northern Europe, the biggest of the three Baltic states. It is situated along the southeastern shore of the Baltic Sea, whereby to the west lie Sweden and Denmark...

n based Snoras

Snoras

Bankas Snoras AB or simply SNORAS was a commercial bank, founded in Lithuania operating in all three Baltic states. It is a member of the financial group Konversbank and is listed on the NASDAQ OMX Vilnius stock exchange. On November 16, 2011, 100% of the bank shares were nationalized by the...

 banking group and the Russian businessman Vladimir Antonov. In 2009, Latvijas Krājbanka had a turnover revenue of 34.6 million Latvian lats

Latvian lats

The lats is the currency of Latvia. It is abbreviated as Ls. The lats is sub-divided into 100 santīmi ....

with a loss of 1.9 million lats. The bank had 941 employees and 155 customer service centres in Latvia.