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AS LTB Bank was established in 1991 and is one of the oldest banks in Latvia (Registration number 40003043232). The license issued by the Bank of Latvia is dated as 4th December 1991. At the moment AS LTB Bank has the license issued by the Financial and Capital Market Commission for banking activities.

The bank has persistently and continuously developed together with the financial and banking market of Latvia.  The main goal for the Bank is to be a reliable and professional partner to its clients, providing fast and safe service of high quality and carrying out the liabilities immaculately, as well as balancing the clients interests to get necessary financial services and gainfully place money with Bank’s and its shareholders interests to gain profit and increase companies value. The Bank is open to discuss new partnerships and attract new clients.

MDMBank (Open Joint Stock Company)(MDM Bank) - the largest banking group in Russia- has become the Bank’s main shareholder in 2003. MDM Bank is the leader in Russian banking sector; it has reputation of safe and modern bank. Leading international agencies (Standard and Poor's, Fitch Ratings, Moody's Investor Service) gave the joint-highest credit ratings for a Russian privately-owned banking group.  Now the MDM Bank as parent company is the only owner of AS LTB Bank.

The Bank's activities are closely connected with the development of the parent company MDM Bank and the related financial group. The Bank has retained the trends of positive development by extending one of the strategic areas of operation, i.e. provision of financial services to the entities of the above financial group and its cooperation partners, as well as other customers operating in the Russian Federation and other CIS countries. The loyalty of customers and cooperation partners is the cornerstone of the good financial results, and the Bank highly appreciates this loyalty. The Bank plans to continue to make use of the opportunities provided by MDM Financial Group and support for improvement of the Bank's competitiveness in the local and international financial markets.

The growth of the most significant financial indices testifies to the widening of the Bank's operations and stable development.

The company „KPMG Baltics” has been the auditor of Bank for last three years.
Bank is the participant of Association of Latvian Commercial banks.