But according to Swedbank, which is the biggest bank in Latvia, the rumours - which seem to have started on social media sites - are completely unfounded. People were told that Swedbank customers in Sweden cannot take out their money, and that the head of the Latvian bank had been arrested, none of which is correct.
The Latvian Prime Minister Dombrovskis told reporters in Riga on Monday that the rumours have been spread with the intention to destabilize the country. The Latvian intelligence service is now investigating the rumours, which are a criminal offence in Latvia.
On Sunday evening, representatives of the Swedish, as well as the Latvian Finance Inspectorate, appeared on Latvian television to try to calm the situation. On Monday, representatives of the Swedish National Bank as well as the Financial inspectorate confirmed to Swedish news agency TT that the rumours are completely unfounded.
Juris Kaza at the Latvian news agency LETA told Swedish Radio News that people are nervous in Latvia after a Latvian bank went bust a couple of weeks ago. The Latvian central bank took over that failed bank.