{"id":42954,"date":"2025-08-07T13:54:58","date_gmt":"2025-08-07T10:54:58","guid":{"rendered":"https:\/\/indexo.lv\/?post_type=zinas&#038;p=42954"},"modified":"2025-08-07T13:55:06","modified_gmt":"2025-08-07T10:55:06","slug":"indexo-bank-will-now-be-able-to-provide-financial-instrument-custody-and-depository-bank-services-including-for-pension-plans","status":"publish","type":"zinas","link":"https:\/\/indexo.lv\/en\/zinas\/indexo-bank-will-now-be-able-to-provide-financial-instrument-custody-and-depository-bank-services-including-for-pension-plans\/","title":{"rendered":"INDEXO Bank will now be able to provide financial instrument custody and depository bank services, including for pension plans\u00a0"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>AS INDEXO Bank has received authorization from the Bank of Latvia to provide depository bank services and hold financial instruments. This will enable the bank to offer depository services to pension management companies, such as IPAS INDEXO and other pension managers. Financial instruments will be held completely separate from other bank assets.<\/strong>&nbsp;<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Before launching the service, INDEXO Bank must still meet certain conditions set by the Bank of Latvia regarding capital, information disclosure, and the implementation of internal regulatory documents.&nbsp;<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis is an important step for the INDEXO group, as the depository bank service will allow us to hold the assets of INDEXO pension funds ourselves\u2014more than 1.4 billion euros\u2014which until now were held at another bank in Latvia. This has significant cost implications, as the service costs will now remain within our own group and strengthen INDEXO\u2019s profitability. We will also be able to offer this service to other pension managers on favorable terms,\u201d says <strong>Valdis Siksnis, Chairman of the Management Board of INDEXO Bank and one of its founders.<\/strong>&nbsp;<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>All interested parties are invited to join a free online webinar \u201cINDEXO Results and future plans\u201d on August 7 at 18:00 (EEST) in English (16:30 (EEST) in Latvian), where the INDEXO team will present the company\u2019s first-half\u202fyear\u202fperformance results and its future development plans. To join the webinar, please register here:\u202f<\/strong><a href=\"https:\/\/indexo.lv\/vebinars-202508\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>https:\/\/indexo.lv\/vebinars-202508\/<\/strong><\/a><strong><\/strong>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AS INDEXO Bank has received authorization from the Bank of Latvia to provide depository bank services and hold financial instruments. This will enable the bank to offer depository services to pension management companies, such as IPAS INDEXO and other pension managers. Financial instruments will be held completely separate from other bank assets.&nbsp; Before launching the [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":42952,"comment_status":"open","ping_status":"closed","template":"","class_list":["post-42954","zinas","type-zinas","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/indexo.lv\/en\/wp-json\/wp\/v2\/zinas\/42954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indexo.lv\/en\/wp-json\/wp\/v2\/zinas"}],"about":[{"href":"https:\/\/indexo.lv\/en\/wp-json\/wp\/v2\/types\/zinas"}],"author":[{"embeddable":true,"href":"https:\/\/indexo.lv\/en\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/indexo.lv\/en\/wp-json\/wp\/v2\/comments?post=42954"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indexo.lv\/en\/wp-json\/wp\/v2\/media\/42952"}],"wp:attachment":[{"href":"https:\/\/indexo.lv\/en\/wp-json\/wp\/v2\/media?parent=42954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}