[1] It became the largest bank in Latvian by offering high interest rates to savers and attracted many clients.

The bank employed several Chekists and had links to the “Pārdaugava” organized crime network.

[1][2][3] The Group of 24 loan to Latvia, which later became a landmark case of government mismanagement, passed through Banka Baltija.

[citation needed] On June 27, 1995, following the a bank crisis, The Supreme Court of Latvia (lv) found Banka Baltija insolvent.

In 2007 bank's chairman Aleksandrs Lavents and president Tālis Freimanis were sentenced to imprisonment and Alvis Līdums who was accused of very large scale embezzlement was acquitted.