Market

Joint-Stock Company in Liquidation Trasta Komercbanka

Legal address
Kr. Valdemāra iela 33-35, Rīga, LV-1010
Country of origin
Latvia

Administrator: Sworn Advocate and administrator Armands Rasa
Address: Kr. Valdemāra iela 33-35, Rīga, LV-1010
Put into liquidation by the 14 March 2016 ruling of the Riga District Court.
Licence for credit institution operations withdrawn on 03.03.2016. by decision of European Central Bank. On 19.06.2017. Riga District Court has dismissid Ilmārs Krūms as previous administrator of the Bank and has appointed a new administrator – Armands Rasa.

Market segments

Market segment
Credit institutions
Phone
+371 26176965
E-mail
Website

Sanctions

Type of infringement
Serious and sustained breaches of regulatory requirements in several areas for a long period - the Bank has been failing to comply with the regulatory capital requirements, while the Bank’s shareholders have not been able to address this non-compliance by increasing the Bank\'s capital; the Bank has been operating with losses for a long period and has no viable business model or development strategy adequate to the situation; serious and sustained breaches of the anti-money laundering and counter- terrorist financing regulations.
Date
03.03.2016
Status
In force
Sanctions applied
Withdrawal of authorisation (ECB decision)
Related article

Type of infringement
Deficiencies in adjusting several priority areas (capital increasing, improving the Bank's development strategy and internal control system).
Date
22.01.2016
Status
In force
Sanctions applied
Restrictions on Bank`s rights, activities and fulfilment of obligations by the Bank
Related article

Type of infringement
Infringement of the Credit Institution Law: insufficient reputation and credit risk assessment in certain cases
Date
27.11.2015
Status
In force
Sanctions applied
Warning

How to become a market participant

In order to become a participant of Latvian financial and capital markets and commence business activities, a credit institution, an insurance company, a reinsurance company, an insurance broker, a credit union, an investment management company, an investment firm, an operator of regulated market, a pension fund, a payment institution, an electronic money institution, as well as an alternative investment fund manager shall obtain operating authorisation (licence).

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Contacts


Address:
Kungu iela 1, Riga, LV-1050
Phone:
6 7774800
E-mail:
Previous sign-in to the secretary:
67 774 801
Data protection:

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