Retail Banker salary in Latvia

Average Yearly Salary of Retail Banker in Latvia is approximately 13,331 EUR (13,338 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 Retail Banker do?

A retail banker is a professional who works in a bank or financial institution and primarily deals with individual clients. Their main responsibility is to assist customers with their banking needs and provide them with various financial services. They handle tasks such as opening new accounts, processing transactions, managing loans and mortgages, and providing advice on investment options and insurance products. Retail bankers also play a crucial role in building and maintaining customer relationships by understanding their financial goals and offering personalized solutions.

Skills: retail banker, banking services, financial advisor, customer relationship management, account management, financial products
Job industry: Banking

How much does Retail Banker make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Retail Banker a well paid job?

No, our data shows that Retail Banker is typically not a well-paid job. The salary varies based on experience. Meaning that even though Retail Banker might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Retail Banker?

High salary for Retail Banker would be somewhere between 14,664 EUR and 19,330 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Retail Banker 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: 13,331 EUR
Estimated Monthly Salary: 1,111 EUR
Estimated Weekly Salary: 256 EUR per week
Estimated Hourly Salary: 6 EUR per hour
By working as Retail Banker a person can save up to 252 USD per month or 3,018 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 Retail Banker

Last revision of data: 2025-01-04

Salary 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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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