INDEXO Bank Begins Offering Term Deposits and Loans to Businesses
Latvia-based INDEXO Bank has started offering term deposits and lending to companies. Its first business loan was issued on 2 October 2026, with more services planned.
AS INDEXO Banka, a Latvian bank that is part of the INDEXO financial services group, has begun serving corporate clients, offering them term deposits and loans. The bank issued its first business loan on 2 October 2026 and says it is open to working with Latvian companies from a range of sectors.
Plans: a digital process and new services
Edgars Kraučuks, head of the corporate services department at INDEXO Bank, said the bank wants to provide competitive, modern services. It is starting with term deposits and lending and intends to widen its offering step by step. Like private customers, businesses should get a simple and convenient digital banking experience, he said.
The next step will be an automated digital process allowing companies to become clients remotely and use term deposits and lending. After that, the bank plans to add settlement accounts and payments, gradually introducing other banking services as well.
About the INDEXO group and the bank
The INDEXO group includes the pension management companies IPAS INDEXO, AS INDEXO Atklātais Pensiju Fonds and INDEXO Asset Management IPAS, as well as AS INDEXO Banka and AS DelfinGroup. The group's pension companies in Latvia manage 1.7 billion euros and have more than 162,000 clients.
Licensed by the European Central Bank, INDEXO Bank serves more than 70,000 clients. Total deposits exceed 167 million euros, and the loan portfolio before expected credit losses stands at 139 million euros. The figures are as of 14 October. In the first quarter of 2026, the INDEXO group reached profitability at group level.
