The Financial statement of Rietumu Bank and Rietumu Group for the year 2019 and the auditor’s BDO Latvia report have been published.
According to the statement, the bank’s net profit in 2019 amounted to EUR 18.4 million, the profit of Rietumu Group reached EUR 23 million.
The bank’s assets during the year increased by 11.4% to EUR 1.7 billion, customer deposits increased by 29% and exceeded EUR 1.3 billion. The loan portfolio amounted to EUR 639 million, total shareholders’ equity EUR 308 million.
The indicators related to the bank’s efficiency and stability remain high as usual. Thus, capital adequacy ratio of the bank is 21.96%, return on assets after tax (ROA) is 1.10%, return on equity after tax (ROE) is 4.76%.
Complete financial statement can be found on our
webpage.
