Net Profit of Rietumu Bank in the First Half Year Exceeded EUR 51 million
01-Aug-2016 / Financial Results The Board of JSC Rietumu Banka has taken a decision on passing its audited financial results for the first half-year of 2016 to the bank shareholders for their consideration.
According to the financial statement, net profit of the bank during first six months has reached EUR 51.3 million, exceeding the corresponding figures as of 30.06.2015 for 36.4%.
As of 30.06.2016, the bank’s assets amount EUR 3.6 billion, the volume of clients’ deposits – EUR 2.9 billion, capital and reserves – EUR 443 million.
Return on equity (ROE) was 23.4%, return on assets (ROA) 2.8%. Capital adequacy ratio, with account of the six months’ profit, was 22.7%.
“I am fully satisfied with the results of the first half-year. The bank continues being successful even in low interest rate and turbulent geopolitical environment,” said Alexander Pankov, Rietumu Bank’s President.
This financial statement for the first half-year shall be approved at the Rietumu Bank’s Shareholders Meeting on 30 August 2016.
Financial statements of the Bank and Rietumu Group for the first half-year of 2016 are available on the website.
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