Latvian Industrial Bank

AS Latvian Industrial Bank
Native name
AS Latvijas Industriālā banka
IndustryFinance
FoundedDecember 17, 1991 (1991-12-17)
DefunctDecember 23, 1999 (1999-12-23)
SuccessorBaltic International Bank
Headquarters,
Latvia
Key people
Vilis Dambiņš (president), Valts Vīgants (vice president)
ProductsFinancial services

AS Latvian Industrial Bank (Latvian: Akciju sabiedrība «Latvijas Industriālā banka»), also known as "Lainbanka," was a Latvian bank.

History

The bank was founded on December 17, 1991. The banks founders were Vilis Dambiņš, Valts Vīgants and Dzintars Pelcbergs.[1]

In 1995, the Russian Embassy in Latvia sued Lainbanka in the Riga Regional Court, demanding the recovery of 2.9 million lats. The suit ended on February 9, 1998, with a settlement.[2]

Sponsorship

In 1993, Lainbanka became a sponsor of the basketball club BK Barons (at the time called Princips). That year, the club was renamed "LainERS," in honor of the bank.[3]

References

  1. ↑ Ritums, Uldis; Rozenbergs, Ritums (2016-04-13). "Krājbankas ofšori slēpj Kremļa naudu". Neatkarīgā Rīta Avīze. Archived from the original on 2016-04-24. Retrieved 2026-08-18.
  2. ↑ Melnace, Baiba (1998-02-10). "Izbeigta lieta par līdzekļu piedziņu no Lainbankas". Diena. Retrieved 2026-08-18.
  3. ↑ Āzens, Dainis (2010-11-10). "PIRMS 10 GADIEM. RUBINS UZSTĀDA LATVIJAS TRANSFĒRU REKORDU – 2 MILJONI STERLIŅU MĀRCIŅU". sportacentrs.com. Retrieved 2026-08-18.