The management structure of Latvijas Banka comprises:

  • the Council of Latvijas Banka, which is a collegial decision-making body that manages Latvijas Banka;
  • departments, responsible for achieving results through the execution of functions and processes defined for the bank;
  • committees and commissions.

The Council of Latvijas Banka is the main decision-making body of Latvijas Banka. The term of office for the Governor, the Deputy Governors, and other members of the Council of Latvijas Banka is five years.

The membership of the Council of Latvijas Banka at the end of 2024 was as follows:

  • Governor Mārtiņš Kazāks (until 20 December 2024; on 6 February 2025, he was re-elected as Governor of Latvijas Banka for a second term);
  • Deputy Governor Māris Kālis (from 21 December 2024 to 6 February 2025, he was Acting Governor of Latvijas Banka);
  • Deputy Governor Santa Purgaile;
  • other members of the Council: Kristīne Černaja-Mežmale, Ilze Posuma, and Zita Zariņa.
Management and organisation