Home > Salary > Latvia > Business Banking Manager
A business banking manager is responsible for overseeing the financial needs of businesses and providing them with tailored banking solutions. They work closely with business clients to understand their financial goals and objectives, and then develop strategies to help them achieve those goals. Business banking managers are knowledgeable about various financial products and services offered by the bank, such as loans, lines of credit, cash management solutions, and merchant services. They analyze the financial health of businesses, evaluate creditworthiness, and make recommendations for financing options. Additionally, they build and maintain relationships with business clients, ensuring high levels of customer satisfaction and retention. Business banking managers also collaborate with other departments within the bank, such as commercial lending and treasury management, to provide comprehensive financial solutions to businesses.
Estimated Yearly Salary: 48,667 EUR
Estimated Monthly Salary: 4,056 EUR
Estimated Weekly Salary: 936 EUR per week
Estimated Hourly Salary: 23 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 3,925 EUR
Estimated Weekly Salary: 906 EUR per week
Estimated Hourly Salary: 23 EUR per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 48,886 USD
Estimated Monthly Salary: 4,074 USD
Estimated Weekly Salary: 940 USD per week
Estimated Hourly Salary: 24 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 48,667 EUR
Estimated Monthly Salary: 4,056 EUR
Estimated Weekly Salary: 936 EUR per week
Estimated Hourly Salary: 23 EUR per hour
By working as Business Banking Manager a person can save up to 3,214 USD per month or 38,566 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Latvia, see costs of living in Latvia.
Estimated Yearly Salary for Business Banking Manager
Last revision of data: 2025-01-04
Data as of 2025
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Business Banking Manager salary in Latvia
Average Yearly Salary of Business Banking Manager in Latvia is approximately 48,667 EUR (48,886 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Business Banking Manager do?
A business banking manager is responsible for overseeing the financial needs of businesses and providing them with tailored banking solutions. They work closely with business clients to understand their financial goals and objectives, and then develop strategies to help them achieve those goals. Business banking managers are knowledgeable about various financial products and services offered by the bank, such as loans, lines of credit, cash management solutions, and merchant services. They analyze the financial health of businesses, evaluate creditworthiness, and make recommendations for financing options. Additionally, they build and maintain relationships with business clients, ensuring high levels of customer satisfaction and retention. Business banking managers also collaborate with other departments within the bank, such as commercial lending and treasury management, to provide comprehensive financial solutions to businesses.
Skills: Business banking, Financial solutions, Relationship management, Credit analysis, Cash management, Customer satisfaction
Job industry: Banking
Job industry: Banking
How much does Business Banking Manager make?
Salary details
How much does Business Banking Manager make?Estimated Yearly Salary: 48,667 EUR
Estimated Monthly Salary: 4,056 EUR
Estimated Weekly Salary: 936 EUR per week
Estimated Hourly Salary: 23 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 47,104 EUREstimated Monthly Salary: 3,925 EUR
Estimated Weekly Salary: 906 EUR per week
Estimated Hourly Salary: 23 EUR per hour
Last revision of data: 2024-01-08Business Banking Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 48,886 USD
Estimated Monthly Salary: 4,074 USD
Estimated Weekly Salary: 940 USD per week
Estimated Hourly Salary: 24 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Country:
Salary comparison to National average
Latvia is a country located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. It has a population of approximately 1.9 million people and covers an area of about 64,589 square kilometers.
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Business Banking Manager job salary compared to average salary in Latvia.
Comparison shows that a person working as Business Banking Manager in Latvia earns on average:
2.49 times the average salary (or 249% of average salary).
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Business Banking Manager job salary compared to average salary in Latvia.
Comparison shows that a person working as Business Banking Manager in Latvia earns on average:
2.49 times the average salary (or 249% of average salary).
Is Business Banking Manager a well paid job?
Yes, our data show that Business Banking Manager is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Business Banking Manager?
High salary for Business Banking Manager would be somewhere between 53,534 EUR and 70,567 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Business Banking Manager in Latvia?
Living in Latvia the approximate monthly expenses are: 860 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 48,667 EUR
Estimated Monthly Salary: 4,056 EUR
Estimated Weekly Salary: 936 EUR per week
Estimated Hourly Salary: 23 EUR per hour
By working as Business Banking Manager a person can save up to 3,214 USD per month or 38,566 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Latvia, see costs of living in Latvia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Estonia, Russia, Belarus, Lithuania.. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Business Banking Manager
Estonia is 62,818 USD
Russia is 29,017 USD
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Latvia
(224,317 EUR per year, pre-tax.)
2. Cardiologist
(186,760 EUR per year, pre-tax.)
(179,947 EUR per year, pre-tax.)
4. Neurosurgeon
(174,646 EUR per year, pre-tax.)
(174,433 EUR per year, pre-tax.)
6. Urologist
(170,871 EUR per year, pre-tax.)
(170,733 EUR per year, pre-tax.)
(170,497 EUR per year, pre-tax.)
(169,948 EUR per year, pre-tax.)
(169,943 EUR per year, pre-tax.)
Data as of 2025Random salary:
Public policy associate (22,296 EUR per year, pre-tax.)
Chief operating officer (coo) (59,291 EUR per year, pre-tax.)
Director of interior design (34,671 EUR per year, pre-tax.)
Disaster recovery specialist it (31,169 EUR per year, pre-tax.)
Maintenance manager (22,993 EUR per year, pre-tax.)
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