AS Latvian Industrial Bank (Latvian: Akciju sabiedrība «Latvijas Industriālā banka»), also known as "Lainbanka," was a Latvian bank.
History The bank was founded on December 17, 1991. The banks founders were Vilis Dambiņš, Valts Vīgants and Dzintars Pelcbergs.
In 1995, the Russian Embassy in Latvia sued Lainbanka in the Riga Regional Court, demanding the recovery of 2.9 million lats. The suit ended on February 9, 1998, with a settlement.
Sponsorship In 1993, Lainbanka became a sponsor of the basketball club BK Barons (at the time called Princips). That year, the club was renamed "LainERS," in honor of the bank.
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