Investor Relations - Private & Corporate Customers
The 2013 Profit of Rietumu Bank exceeds EUR 55 M
16-Jan-2014 / Notifications The unaudited profit of Rietumu Bank in 2013 is EUR 55,1 million. Over the year the amount of profit has almost doubled.
In 2013, all the key performance indicators of the bank increased in comparison with 2012. Bank’s assets increased up to EUR 3 billion, client deposits – up to EUR 2,6 billion, capital and reserves – up to EUR 274,4 million. The return on assets and return on the capital of the bank reached 2,14% and 22,58 % respectively (before taxes), the capital adequacy ratio is 18,46%.
“We have completed the year with excellent results. Though expected, such results cannot but satisfy us,” says the Rietumu Bank President Alexander Pankov. “We are pleased that the number of the bank’s clients keeps growing and that we are increasingly known and trusted far beyond the borders of Latvia. When building our strategy, we always make efficiency and potential the cornerstones. Therefore, Rietumu Bank invariably remains a reliable and beneficial partner for its clients.”
In 2013 Rietumu Bank implemented a number of successful projects. For the second time in succession, the bank held the international e-commerce conference “eCom21” – the largest in the Baltic countries. A programme of issuing preference stocks was developed, a new exclusive credit card Jurmala was released and a website in Chinese was launched. The functionality of the Internet bank was expanded as well.
In late 2013, Rietumu Bank received the SPEAR’S Russia Wealth Management Award for the third time. The bank was awarded in the nomination “The best bank in the CIS and Baltic countries that provides the services of private banking and high money management for Russian clients”.
Financial Statements of the Bank and the Rietumu Group for 2013 will be available on the bank’s webpage.
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