Investment issues are still the most popular type of service used by wealthy customers in banks, but issues such as the transfer of wealth to heirs, issues of investing in cryptocurrencies and others are also becoming more and more important. There are many curiosities in the work of bankers, when the requirements of customers are almost impossible to meet, say the representatives of the “Private Banking” divisions of banks operating in Latvia.
More and more – young
“Swedbank“A typical client of Private Banking is an entrepreneur or a manager in the largest Latvian companies, who has created his financial well-being as a result of long-term work – from dividends, sales of companies or remuneration for work,” observed Karina Kulberga, Head of Swedbank that it is gratifying that in recent years there has been a growing trend towards a wide range of customers from various technology companies and even start-ups, who have been able to successfully position their products on the world market. The bank has been with a number of clients for more than 20 years, watching their wealth grow during this period and helping to plan the management of their financial assets. clients who have started their work in Latvia, but now as a professional Managers work in international companies globally, says Kulberg. It can be observed that although in general in the “old” Europe most of the wealth is inherited wealth for several generations, then among Latvia’s wealthy clients wealth is mostly formed as a result of clients’ own active business, Kulberga points out.
Banks have their own conditions to become a “Private Banking” customer. For example, a customer whose JSCCitadel bank “considers to be rich, there must be at least 5,000 euros of net income per month (60 thousand euros per year) or 100 thousand euros of free funds, with a potential desire to invest this money, says” Citadele “” Private Banking “manager Agnese Zvaigznite.
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