OREANDA-NEWS. January 13, 2015. Ministry of Finance and State Revenue Service have included SEB bank in the In-Depth Cooperation Programme (the taxpayers' "white list") thereby acknowledging the transparency of bank's operation as well as timely and honest settlement of tax payments. SEB is the first of the largest banks in Latvia to join this programme.

Chief Financial Officer, member of management board Karlis Danevics: "We are glad to join the "white list" of responsible companies as we believe it is important to show a good example for strengthening honest and fair business environment where tax liabilities are settled in a timely and precise manner. Our cooperation with SRS has always been a constructive one and we are glad to see the growing professionalism in SRS' work with companies where the focus has shifted towards cooperation and consultations instead of repressions".

Participation in In-Depth Cooperation Programme provides an opportunity to decrease the bureaucratic burden gives a number of advantages in settling tax liabilities and ensures reduced supervision procedures. For SEB bank the most important advantage is a more direct communication with SRS consultants and access to individual consultations on application of regulatory acts in tax-related areas.