![Lativa Banking Crisis Unfolding on Schedule – Will it Lead to a European Contagion? | Armstrong Economics Lativa Banking Crisis Unfolding on Schedule – Will it Lead to a European Contagion? | Armstrong Economics](https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Latvia-2-euros.jpg)
Lativa Banking Crisis Unfolding on Schedule – Will it Lead to a European Contagion? | Armstrong Economics
![ABLV Bank's chief executive officer Ernest Bernis speaks during an interview in Riga September 26, 2012. Offshore funds flowing from crisis-hit Cyprus have helped boost bank deposits in Latvia, strengthening the small ABLV Bank's chief executive officer Ernest Bernis speaks during an interview in Riga September 26, 2012. Offshore funds flowing from crisis-hit Cyprus have helped boost bank deposits in Latvia, strengthening the small](https://c8.alamy.com/comp/2D0DWNX/ablv-banks-chief-executive-officer-ernest-bernis-speaks-during-an-interview-in-riga-september-26-2012-offshore-funds-flowing-from-crisis-hit-cyprus-have-helped-boost-bank-deposits-in-latvia-strengthening-the-small-baltic-states-position-as-an-offshore-banking-centre-for-neighbouring-russia-and-other-ex-soviet-states-non-resident-deposits-are-near-50-percent-of-total-bank-deposits-a-record-high-with-latvias-location-next-to-russia-its-key-advantage-ablv-bank-is-the-largest-locally-owned-bank-by-assets-in-latvia-and-bernis-predicts-growth-in-the-sector-in-part-due-to-the-crisis-in-so-2D0DWNX.jpg)
ABLV Bank's chief executive officer Ernest Bernis speaks during an interview in Riga September 26, 2012. Offshore funds flowing from crisis-hit Cyprus have helped boost bank deposits in Latvia, strengthening the small
![Latvia banking crisis: Bank chief Ilmars Rimsevics suspended after bribery claims | World | News | Express.co.uk Latvia banking crisis: Bank chief Ilmars Rimsevics suspended after bribery claims | World | News | Express.co.uk](https://cdn.images.express.co.uk/img/dynamic/78/590x/Latvia-banking-921571.jpg)