AS "Industra Bank" products, services and reviews

About AS "Industra Bank"

AS Industra Bank is a Latvian joint-stock commercial bank headquartered in Riga and licensed to operate in Latvia, with supervision carried out by Latvijas Banka. The institution operated as Meridian Trade Bank until a rebrand to Industra Bank in 2020 and focuses on serving small and medium-sized enterprises alongside private clients. Its core services include current and savings accounts with Latvian IBANs (LV), SEPA and international payments, debit payment cards, term deposits, and business lending such as working capital and investment loans, with consumer lending offered subject to credit assessment. Services are delivered through internet banking and other digital channels, and service languages commonly include Latvian, English, and Russian. Eligible deposits are covered by the Latvian deposit guarantee scheme up to EUR 100,000 per depositor in line with EU rules. Client onboarding and ongoing monitoring follow Latvia’s AML/CTF framework, and acceptance criteria for higher-risk profiles and non-resident customers are more restrictive. Pricing is based on publicly available tariffs that typically include account maintenance, transfer, currency exchange, and cash-handling fees; ATM withdrawals may incur charges when using third-party networks. Compared with larger banks in Latvia, Industra’s scale, branch availability, and product range are more limited, which can affect access to cash services, investment products, and wider ATM coverage, while still providing standard transactional banking and SME-oriented financing.