AS Expobank

AS Expobank (Latvia)

  About the Bank
AS Expobank is one of the oldest banks in Latvia – it was founded in 1991; a branch was opened in the Republic of Cyprus in 2010. From 2012 the sole shareholder of the Bank is a citizen of the Russian Federation - Igor Kim. The main task of the Bank is to be a reliable and professional financial partner for its customers, providing high quality services as well as maintaining security and stability. The Bank’s high customer service standards are appreciated by international holdings from Russia, CIS countries and Europe, which operate on a global scale in areas of natural resource extraction, production, finance, trade and in other areas. The Bank’s long-term development and growth is based on regular development of risk management processes and compliance control systems, as well as on highly selective customer range. One of the leading international rating agencies Moody's Investors Service, assessing the conservative risk policies pursued by the Bank, as well as the high capital adequacy and liquidity ratios at the end of 2013 has assigned to the Bank a credit rating for long-term obligations of B1 with a stable outlook. This is the highest assigned credit rating among all local commercial banks in Latvia and Baltic countries, which are rated by international rating agencies.
The Bank’s main activity consists of customer cash flow servicing, including servicing of checking accounts, cash transfers (wire transfers), trade finance transactions, foreign exchange, servicing of debit and credit cards and trust management services. WHAT EXPOBANK (LATVIA) OFFERS:
  • Personal and Business banking
  • Multicurrency accounts
  • Multilingual customer support
  • Full Internet banking services
  • MasterCard Standard and Gold payment cards
  • Full range of brokerage services
  • Escrow accounts
  • Investment Accounts
  • Trust services
  • The approximate timeframe for account allocation from 5 to 7 business days after face to face meeting and receipt of the original documents by the bank.
REQUIREMENTS FOR PERSONAL ACCOUNT SET UP WITH EXPOBANK (LATVIA)
  • A face-to-face meeting is required with a representative of the bank in any of their offices in Latvia, Russia or Cyprus
  • No minimum balance
  • Initial deposit of EUR100
  • Account opening timeframe. The account will be activated within 5 - 7 business days, upon receipt by the bank of all duly completed forms and relevant information.
  • U.S.Citizens are not accepted for account opening.
REQUIREMENTS FOR OPENING OF AN INDIVIDUAL BANK ACCOUNT
  • Notarized copy of valid passport. The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
  • Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
  • Original or notarized copy of Lawyer's/Banker's/Accountant's reference letter dated within 3 months.
  • Personal CV
PLEASE NOTE: Documents that are not in English must be accompanied by a certified translation. U.S. companies or citizens are not accepted for account opening. Once all documentation is available please email electronic copies to our representative for review; incomplete or unexecuted forms can create delays in the account opening process.
REQUIREMENTS FOR CORPORATE ACCOUNT SET UP WITH EXPOBANK (LATVIA)
  • A face-to-face meeting is required with a representative of a bank in any of their offices in Latvia, Russia or Cyprus.
  • No minimum balance
  • Initial deposit of EUR200
  • Account opening timeframe. The account will be activated within 5 - 7 business days, upon receipt by the bank of all duly completed forms and relevant information.
  • U.S. companies or citizens are not accepted for account opening.
DOCUMENTS REQUIRED For the Company: A set of legalized company documents consisting of:
  • Certificate of Incorporation
  • Memorandum and Articles of Associations
  • Documents confirming the appointment of company directors and secretary (if any)
  • document confirming the location of the registered office
  • Share Certificate(s)
  • Certificate of Good Standing if the company is more than 12 months old
  • Copy of the Corporate Structure, identifying the ultimate beneficial owner(s)
  • Valid License (if applicable)
For each director, shareholder, secretary, authorised signatory and ultimate beneficial owner:
  • Notarized copy of valid passport. The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
  • Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
  • Original or notarized copy of Lawyer's/Banker's/Accountant's reference letter, dated within 3 months
  • Power of Attorney (where applicable)
  • Personal CV
For each corporate officer (Where the company directors or shareholders are legal entities), please provide: A set of legalized company documents consisting of:
  • Copy of constitutional documents (Certificate of Incorporation, Articles, etc.).
  • Copy of Corporate Register (which shall include Register of Shareholders, Directors and Secretary).
  • Copy of the Corporate Structure.
  • Certificate of Good Standing.
PLEASE NOTE: Documents that are not in English must be accompanied by a certified translation. U.S. companies or citizens are not accepted for account opening. Once all documentation is available please email electronic copies to our representative for review; incomplete or unexecuted forms can create delays in the account opening process.
First you have to know the banks website: http://www.expobank.eu/ How to open the account: Please download the opening forms and follow the instructions from the bank here: http://www.expobank.eu/eng/left/all-documents After you returned the application forms with all necessary documents back to the bank, your account is set up after further 5-7 working days and you will get the access data by post delivered. Your new Offshore bank account is from then on fully usable. Important notes: If the account opening documents provided are incomplete, unverified or are not clear they may have to request further information, documents or clarification from you before they can open your account. As part of the process you will need to send personal information. It’s very important that you use real information. Don’t try to use questionable data. If you have some problem or a specific question the best is to contact them directly and let them know so they can help you. For further questions regarding your account opening we ask you to contact the customer care center directly of the bank via: E-Mail: [email protected] Tel: (+371) 67043510