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Rietumu Bank’s Profit in the First Half-Year Has Reached EUR 37.6 Million

03-Aug-2015 / Notifications Today the Board of JSC Rietumu Banka took a decision on passing its audited financial results for the first half-year of 2015 to the bank shareholders for their consideration.

According to the financial statement, net profit of the bank during first six months has reached EUR 37.6 million.

As of 30.06.2015, the bank’s assets amount EUR 3.6 billion, demonstrating 4.4% growth from the start of the year. The volume of clients’ deposits has increased by 2.6% up to EUR 3.2 billion. The bank’s capital and reserves amount to EUR 362 million (+12%).

The return on equity (ROE) is 21.94% and the return on assets (ROA) – 2.12%.

The bank’s capital adequacy ratio, with account of the six months’ profit, is 19.95%.

“I am satisfied with the results of the first half-year,” said Alexander Pankov, Rietumu Bank President. “The current conditions set new tasks for businesses and, at the same time, provide new and interesting opportunities. Our clients find new solutions for their further development. We look forward with optimism and always remain a reasonably conservative, reliable and amicable partner.”

This financial statement for the first half-year will be approved at the Rietumu Bank Meeting of Shareholders on 1 September 2015.

Financial statements of the Bank and Rietumu Group for the first half-year of 2015 are available on the website: http://www.rietumu.com/bank-finance.

Eleonora Gailisha
Mass Media and Public Relations
Phone: +371-67020506
Fax: +371-67020563
E-mail: egailisha@rietumu.lv
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