Main page > About the company > News and mailing > Jurisdictions news > PNB Bank suspended the implementation of financial transactions

PNB Bank suspended the implementation of financial transactions


Since August 15th, 2019 PNB Bank suspended the implementation of financial transactions by decision of the Latvian Finance and Capital Market Commission. The Commission’s decision contains, inter alia, a ban on money transfers and processing of customers’ payment; the decision also halts the work of bank cards and ATMs.

In the statement of the Commission it is said that the European Central Bank concluded that the PNB bank could face financial difficulties, which led to the adoption of such decision.

On the bank’s website it is reported that according to the Law on Guaranteeing Deposits, payments must begin not later than on the eighth business day, starting since August 27th.

On materials of the following website:

Back to the list news

Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 203 608 22 48
E-mail us:


03/11/2020 11:46:00

Decline taxes in Great Britain

According to last changes, published on the website of Tax Service ...

Read more

02/17/2020 17:56:00

European Comission sends legal warnings regarding anti-money laundering laws

The European Commission has sent legal warnings to Cyprus, Portuga ...

Read more

02/14/2020 13:32:00

UK aims to launch freeports

The UK government has launched a consultation on creating up to 10 ...

Read more