Personal data processing

Binding information for customers on personal data processing by ABLV Bank, AS.

ABLV Bank, AS (registration No. 50003149401, legal address: 23 Elizabetes street, Riga, LV-1010), adhering to the highest customer service standards and complying with requirements of the Personal Data Protection Law, processes data of its individual customers.

AB LV Bank, AS, as a personal data administrator and data processing performed at the bank are registered with the Republic of Latvia Data State Inspectorate – processing registration No. 000870, registration certificate No. 002063.

Objectives

Registered objectives of personal data processing are the following:

  • customer relationship management,
  • centralized bank data processing,
  • issuing of payment cards and processing of payment cards transactions,
  • ensuring of dealing transactions,
  • remote account management,
  • authorization tools management and use,
  • correspondent relationship management,
  • preparation of account reports and statements,
  • ensuring of transfers between financial institutions,
  • document flow management for archive maintenance,
  • ensuring of internal flow of information based on workflow,
  • ensuring of electronic document flow,
  • information exchange with the Bank of Latvia Credit Register,
  • management of risks associated with prevention of laundering of proceeds derived from criminal activities and financing of terrorism, ensuring of safety of employees’, customers’ and administrator’s property, insurance of employees and customers, operational risk management, loans accounting and control.

Legal grounds

Legal grounds for personal data processing are as follows: paragraphs 1, 2, and 3 of section 7 of the Personal Data Protection Law:

  1. the data subject has given his or her consent;
  2. the personal data processing results from contractual obligations of the data subject or, taking into account a request from the data subject, the processing of data is necessary in order to enter into the relevant contract;
  3. the data processing is necessary to a system administrator for the performance of his or her duties as specified by law.