Processing of Individuals’ Data

On May 25, 2018, the General Data Protection Regulation (Regulation (EU) 2016/679 of the European Parliament and of the Council) entered into effect. The purpose of the Regulation is to protect the privacy of individuals by laying down unified guidelines for processing of personal data throughout the European Union.
Personal data is any information on a person that allows their identification, for example, name, surname, date of birth, telephone number, postal and e-mail address, photograph, as well as other information. Personal data may be recorded both in paper and electronic, audio and other formats.
Processing of personal data is any action carried out with personal data – data collection, storing, registration, disclosure, deletion, etc.
Despite the fact that the requirements of the Regulation apply to personal data of individuals, it is important to know that within the business relations with AS “Reģionālā investīciju banka” also data of legal entities that contains data of individuals may be processed, for example, information on members of the board, shareholders, real beneficial owners, pledgors, etc.
We need to process personal data mainly in order to ensure provision of services, as well as to comply with the requirements of the normative acts binding for the Bank and contractual obligations. In processing of personal data AS “Reģionālā investīciju banka” implements corresponding technical and organisational measures to ensure security of personal data and technical processing thereof.
The principal objectives and guidelines for processing of personal data, as well as the rights of data subjects stipulated by the Regulation are described in the document “Guidelines for Processing of Personal Data of Individuals” developed by AS “Reģionālā investīciju banka”. This document entered into force on May 25, 2018, and is binding for all the existing and potential Customers, cooperation partners of the Bank, and candidates for advertised vacancies.
Additional information on processing of personal data is available by contacting the Bank.