Latvia

Latvian Banking System in Early 2018: Coping with Bad Apples?

The Latvian banking system is less than 30 years old. During these three decades, the current liquidation of AB.lv banks is the fifth major crisis in Latvian banking. Although many banks have come and gone and the Latvian banking sector has been very vibrant with a hope to become a regional financial centre, every crisis has revealed a bad apple or two.

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