Association of Latvian Commercial Banks has published bank’s financial results for the 1 st quarter 2018. According to the data, Rietumu is among the leaders of the banking industry by all the main indices. Rietumu is on the second place by the profit among all 18 Latvian banks.
In accordance with the statement, net profit of the bank amounts to EUR 80.3 million, which is by 11% higher than in 2015. The consolidated profit of Rietumu Group has reached EUR 82.3 million.
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%.
In accordance with the decision of the Rietumu Bank shareholders general meeting held yesterday in Riga, dividends will be paid on preference shares of the bank.
