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Private company

LPB Bank

Company based in Riga, Latvia

Magnetiq Bank (formerly JSC "LPB Bank" and Latvijas Pasta Banka) is a Latvian bank. It has stated that its focus is providing e-commerce acting as a payment service provider, fintech, business finance and brokerage services.2 It is headquartered in Riga.1 It employed 210 people in 2023.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

Sep 5, 2008Founded1
  • IndustryActivities auxiliary to financial services, except insurance and pension funding, Other activities auxiliary to financial services, except insurance and pension funding, Other financial service activities, except insurance and pension funding, Other financial service activities, except insurance and pension funding n.e.c., activities auxiliary to financial services and insurance activities1
  • HeadquartersRiga1
  • Websitewww.lpb.lv/en
  • Legal formakciju sabiedrība1
  • LEI259400YE9CCQBVY41L713
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressRIGA BRIVIBAS 54, LV-1011 Riga, Latvia3
  • Registered withRegister of Enterprises of the Republic of Latvia, 501031895613

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Magnetiq Bank (formerly JSC "LPB Bank" and Latvijas Pasta Banka) is a Latvian bank. It has stated that its focus is providing e-commerce acting as a payment service provider, fintech, business finance and brokerage services.2

Corporate structure

LPB Bank is part of a group headed by Signet Bank. 13 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Signet Bank Riga, Latvia
    • LPB Bank Riga, Latvia
    • SIGNET ASSET MANAGEMENT LATVIA IPS Subsidiary · 100% · Rīga, Latvia
      • Atvērtais ieguldījumu fonds "Signet Bond Fund" Fund · Rīga, Latvia
      • Integrum Global Bond Fund Fund · Riga, Latvia
      • Integrum Global EUR Bond Fund Fund · Riga, Latvia
      • Integrum Global EUR Stock Index Fund Fund · Riga, Latvia
      • Integrum Global USD Bond Fund Fund · RIga, Latvia
      • Integrum Multi-Asset Total Return USD Fund Fund · RIga, Latvia
      • Signet Baltic Bond Fund Fund · Rīga, Latvia
      • Signet Sustainability Promoting Fund Fund · Riga, Latvia
    • AS "Primero Finance" Subsidiary · 51% · Rīga, Latvia
    • Primero Finance Subsidiary · 51% · Vilnius, Lithuania

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0). Each entity in the chart links to its source.

Subsidiaries and ownership

Parent company (GLEIF)

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Employees over time

  • 20232101
  • 20222161

Revenue over time

As stated on Wikidata, in the currency reported.

Net income

LPB Bank net income by year1423.0K EUR in 2023−68% since 2022
0500.0K EUR1.0M EUR1.5M EUR2022: 1.3M EUR1.3M EUR20222023: 423.0K EUR423.0K EUR2023−68%
  • 2023423.0K EUR1
  • 20221.3M EUR1

Timeline

  1. Dec 11, 2023Parent Directly consolidated by Signet Bank3
  2. Sep 5, 2008Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3