AS PrivatBank (former Paritate Banka)[1] is a credit institution registered in Latvia as joint stock company and received its banking license on 31 July 1992.
[2][3] In 1992 AS "Paritate Banka" was officially registered in the registry of enterprises of the Republic of Latvia and obtained a license to carry out banking operations.
In 1998 the bank started issuing MasterCard and Maestro payment cards.
[8] On 9 August 2016, the Bank of Italy closed down the Italian branch of AS PrivatBank due to irregularities with the money-laundering regulations.
[14] Ultimately, although not dissolving, the bank transferred most of its assets to local Industra Bank in July 2022, which was approved by the national finance regulator, the Finance and Capital Market Commission (FKTK), on 10 August 2022.