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In an era where digital transactions are the backbone of the global economy, ensuring the integrity and transparency of information on cross-border payments and card transactions has become critical for governments worldwide. Recognizing this, the European Union took a significant step on 18 February 2020, when the Council adopted a legislative package to tighten the scrutiny of cross-border payments to combat VAT fraud in e-commerce.

LPB Bank

From September 2023, Jefims Gasels has been appointed as a Board member at LPB Bank. As a member of the LPB Bank Board, Jefims will be responsible for maintaining and developing the bank’s IT systems to promote its digital growth and efficiency.

LPB Bank

AS “LPB Bank” has granted a loan of 260,000 euros to SIA “Benūžu Enerģija” to establish a solar panel park. This funding covers 75% of the total project budget. The repayment term of the financing is projected to be 15 years, with an anticipated electricity output of 410,622 kWh per year.

In 2023, in collaboration with “LPB Bank” and SIA “Benūžu Enerģija”, a modern solar panel park with a capacity of 372.04 kW was established in Latvia. The park has 568 solar panels installed, capable of producing a total of 410,622 kWh of energy annually.

LPB Bank

📈In the second quarter of 2023, LPB Bank achieved positive results in all key financial indicators. The Bank’s success is attributed to an experienced and competent team working to realise strategic goals.🎯

LPB Bank

We are delighted to announce that LPB Bank supports the dance group “Lāčplēsis”, an active Latvian Song and Dance Festival participant and a respected representative of our cultural heritage. “Lāčplēsis”, which began its activities back in 1965, is deeply connected with the myths and legends of its native Lielvārde.🕺💃

LPB Bank

After the successful launch of the Chat GPT 4.0 chatbot by OpenAI at the beginning of 2023, many businesses started testing the tools provided by artificial intelligence and the areas of their application. Artificial intelligence is an excellent assistant but not a full-fledged employee, and it is unlikely to become one, according to Anton Baltin, Head of the Sales and Regional Development Department at LPB Bank. In a conversation with Anton, we learned how artificial intelligence could be helpful in the banking sector and in which direction smart assistants will be developed.

LPB Bank

🌍💥“May you live in interesting times.” This phrase is usually attributed to Confucius, but we will never know whether he said it. However, we have learned what it is like to live in times of change when humanity experiences one unprecedented crisis after another brought about by the Covid-19 pandemic, the war in Ukraine instigated by the Russian Federation, disruptions in energy and logistics, and rising inflation.

LPB Bank

Start growing your money today with LPB Bank, the trusted name in banking and investments - the Bank increases interest rates on deposits up to 3.20%⚡

With a flexible duration of up to 5 years⏰ and a minimum deposit amount of 5,000 EUR, it's never been easier to embark on your savings journey.

Find out more👉 https://lpb.lv/en/terminnoguldijumi/
#deposits #termdeposit #bank #banking #investments #LPBBank #money #interestrates

LPB Bank

Now you can earn more on your savings and achieve your financial goals faster🎯 - LPB Bank increases interest rates on deposits up to 3%⚡

The deposit comes with a duration of up to 5 years⏰ and a minimum amount of 5 000 EUR, making it easy for you to get started on your savings journey.

Find out more👉 https://lpb.lv/en/terminnoguldijumi/

#deposits #termdeposit #bank #banking #investments #LPBBank #money #interestrates