Foreword
The Annual Report serves as an opportunity to look at the bigger picture behind the countless daily tasks, highlight the results achieved, and outline the key directions for our work in the years to come. The focused, forward-looking, and sustained efforts of recent years to reform and strengthen Latvijas Banka have established a strong foundation for the continued development of both Latvijas Banka and the broader Latvian financial system. Our activities have led to exceptional results, with a great deal of accomplishments in 2024.
Latvijas Banka in 2024
Legislative proposals
Legislative proposals have been submitted to streamline corporate refinancing
Secure and accessible financial sector
A regulatory framework governing the ATM network and regional representation of banks has been developed
Non-bank payments
Non-bank payment providers have gained access to Latvijas Banka's payment system
MiCA
The Regulation on markets in crypto-assets (MiCA) has been implemented, enabling the licensing of crypto-asset service providers
60 million euro
Proposed amendments to the second-pillar pension regulation aim to enable greater savings for future retirees
Digital euro
The Digital Euro Forum has been established to enhance public readiness in Latvia for the future adoption of the digital euro
944 million euro
The total capital and reserves of Latvijas Banka have increased by one third
56 million euro
State budget has been supplemented
