Rietumu Banka
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Rietumu Banka
Rietumu is a Latvian private commercial bank founded in 1992. The bank specializes in providing financial services to businesses and private individuals. Rietumu is one of the largest private banks in the Baltics and the largest local capital bank in Latvia. The bank's headquarters, Rietumu Capital Centre, is located in Riga. Brief overview For many years, Rietumu has been one of the leading Latvian banks and it is the fifth largest Latvian bank in terms of assets. Traditionally, an important part of Rietumu Bank's activities was related to foreign markets; however, since 2018 the bank has been focusing on operations in Latvia, the other Baltic countries and the EU. In 2018, requirements regarding customer risk assessment were altered significantly in Latvia. Rietumu decided to terminate relationship with customers posing excessively high risk and to transform its business model. The bank's efforts were highly appreciated by Latvia's minister of finance and representatives of ...
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Joint-stock Company
A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (business), incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited company, limited companies. Some jurisdiction (area), jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other count ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Riga
Riga (; lv, Rīga , liv, Rīgõ) is the capital and largest city of Latvia and is home to 605,802 inhabitants which is a third of Latvia's population. The city lies on the Gulf of Riga at the mouth of the Daugava river where it meets the Baltic Sea. Riga's territory covers and lies above sea level, on a flat and sandy plain. Riga was founded in 1201 and is a former Hanseatic League member. Riga's historical centre is a UNESCO World Heritage Site, noted for its Art Nouveau/Jugendstil architecture and 19th century wooden architecture. Riga was the European Capital of Culture in 2014, along with Umeå in Sweden. Riga hosted the 2006 NATO Summit, the Eurovision Song Contest 2003, the 2006 IIHF Men's World Ice Hockey Championships, 2013 World Women's Curling Championship and the 2021 IIHF World Championship. It is home to the European Union's office of European Regulators for Electronic Communications (BEREC). In 2017, it was named the European Region of Gastronomy. I ...
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Jelena Buraja
Jelena, also written Yelena and Elena, is a Slavic given name. It is a Slavicized form of the Greek name Helen, which is of uncertain origin. Diminutives of the name include Jelica, Jelka, Jele, Jela, Lena, Lenotschka, Jeca, Lenka, and Alena. Notable people Nobility *Jelena Anžujska, Serbian Queen (d. 1314) * Jelena of Bulgaria, Empress consort of Serbia (d. 1374) * Jelena Petrović Njegoš, Montenegrin princess and Queen of Italy * Jelena of Serbia, many Serbian consorts *Jelena Urošević Vukanović, Queen consort of Hungary * Jelena Zrinski, Princess Consort of Transylvania and Croatian noblewoman Other people *Jelena Agbaba, Serbian handball player *Elena Berezhnaya, Russian figure skater *Jelena Blagojević, Serbian volleyball player * Yelena Bonner, Russian writer * Jelena Brooks (Milovanović), Serbian basketball player * Jelena Dokić, Australian tennis player of Croatian and Serbian origin * Jelena Glebova, Estonian figure skater *Jelena 'Gigi' Hadid, American model *J ...
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Latvia
Latvia ( or ; lv, Latvija ; ltg, Latveja; liv, Leţmō), officially the Republic of Latvia ( lv, Latvijas Republika, links=no, ltg, Latvejas Republika, links=no, liv, Leţmō Vabāmō, links=no), is a country in the Baltic region of Northern Europe. It is one of the Baltic states; and is bordered by Estonia to the north, Lithuania to the south, Russia to the east, Belarus to the southeast, and shares a maritime border with Sweden to the west. Latvia covers an area of , with a population of 1.9 million. The country has a temperate seasonal climate. Its capital and largest city is Riga. Latvians belong to the ethno-linguistic group of the Balts; and speak Latvian, one of the only two surviving Baltic languages. Russians are the most prominent minority in the country, at almost a quarter of the population. After centuries of Teutonic, Swedish, Polish-Lithuanian and Russian rule, which was mainly executed by the local Baltic German aristocracy, the independent R ...
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Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ...
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Baltic Countries
The Baltic states, et, Balti riigid or the Baltic countries is a geopolitical term, which currently is used to group three countries: Estonia, Latvia, and Lithuania. All three countries are members of NATO, the European Union, the Eurozone, and the OECD. The three sovereign states on the eastern coast of the Baltic Sea are sometimes referred to as the "Baltic nations", less often and in historical circumstances also as the "Baltic republics", the "Baltic lands", or simply the Baltics. All three Baltic countries are classified as high-income economies by the World Bank and maintain a very high Human Development Index. The three governments engage in intergovernmental and parliamentary cooperation. There is also frequent cooperation in foreign and security policy, defence, energy, and transportation. The term "Baltic states" ("countries", "nations", or similar) cannot be used unambiguously in the context of cultural areas, national identity, or language. While the majority ...
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European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a '' sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act ...
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ABLV Bank
ABLV Bank was one of the largest private banks in the Baltic states, Baltic States, headquartered in Riga, Latvia with representative offices abroad from 1993 to 2018. Following accusations of money laundering by the United States Department of the Treasury and continued pressure from national regulatory agencies, on 26 February 2018 the ABLV board voted to start the process of voluntary liquidation. The liquidation plan was approved on June 12. ABLV had three primary lines of business: private banking, investment and financial planning. History The bank was founded on 17 September 1993 on the basis of the Bank of Latvia regional branch in the city of Aizkraukle, thus the bank was named ''Aizkraukles Banka''. The path in the top three of the largest banks of Latvia In 1995, there were changes made to the bank's shareholding structure: and (also Oleg Fil), became the bank's shareholders and executives. Also in 1995, the bank started expanding its activities and founded a ...
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Elena Buraya
Elena may refer to: People * Elena (given name), including a list of people and characters with this name * Joan Ignasi Elena (born 1968), Catalan politician * Francine Elena (born 1986), British poet Geography * Elena (town), a town in Veliko Tarnovo Province, Bulgaria ** Elena Municipality * Elena (village), a village in Haskovo Province Film and television * ''Elena'' (2011 film), a 2011 Russian film * ''Elena'' (2012 film), a Brazilian film * ''Elena'' (TV series), a Mexican telenovela * '' Elena of Avalor'', an American TV series * '' Daniele Cortis'', a 1947 Italian film also known as ''Elena'' Music * ''Elena'' (Cavalli), a 1659 opera by Francesco Cavalli * ''Elena'' (Mayr), an 1814 opera by Mayr * "Elena" (song), a 1979 song by The Marc Tanner Band * ''Elena'', an EP by Puerto Muerto Other * ''Elena'' (play), a Cebuano play by Vicente Sotto * Extra Low ENergy Antiproton ring, a storage ring in the Antiproton Decelerator facility at CERN * Hurricane Elena S ...
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Performance Indicator
A performance indicator or key performance indicator (KPI) is a type of performance measurement. KPIs evaluate the success of an organization or of a particular activity (such as projects, programs, products and other initiatives) in which it engages. KPIs provide a focus for strategic and operational improvement, create an analytical basis for decision making and help focus attention on what matters most. Often success is simply the repeated, periodic achievement of some levels of operational goal (e.g. zero defects, 10/10 customer satisfaction), and sometimes success is defined in terms of making progress toward strategic goals. Accordingly, choosing the right KPIs relies upon a good understanding of what is important to the organization. What is deemed important often depends on the department measuring the performance – e.g. the KPIs useful to finance will differ from the KPIs assigned to sales. Since there is a need to understand well what is important, various techniques ...
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Financial Statement
Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to understand. They typically include four basic financial statements accompanied by a management discussion and analysis: # A balance sheet or statement of financial position, reports on a company's assets, liabilities, and owners equity at a given point in time. # An income statement—or profit and loss report (P&L report), or statement of comprehensive income, or statement of revenue & expense—reports on a company's income, expenses, and profits over a stated period. A profit and loss statement provides information on the operation of the enterprise. These include sales and the various expenses incurred during the stated period. # A statement of changes in equity or statement of equity, or statement of retained earnings, reports on ...
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