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Net profit of Rietumu Bank in 2015 exceeded EUR 72 million

25-Feb-2016 / Notifications The Board of Rietumu Bank has signed audited financial statement for the year 2015. The auditor is KPMG Baltics.

According to the statement, the net audited profit of the bank for the past year has reached EUR 72.2 million.

The bank assets amount to EUR 3.8 billion, exceeding the corresponding figures as of 31.12.2014 for 8.9%. The volume of customer deposits has reached EUR 3.2 billion (+4%), equity and reserves have been increased for 34% to EUR 433 million.

Capital adequacy ratio was 19.43%, return on equity after tax (ROE) – 19.09%, return on assets (ROA) – 1.99%.

According to president of Rietumu Alexander Pankov: “We have closed the year with very good results. Despite low interest rates and market turbulence, all the main financial indicators of the bank have increased again. Investments in innovations, new directions development and business diversification strategy pay off. At the same time the bank continues supporting its international clients, providing financing necessary for the business. We also have extensive plans for the current year and we are ready for the inevitable challenges and difficulties. We know how to overcome them, that is why we are looking to the future with optimism”.

In 2015 Rietumu continued introduction of the advanced technologies and offered its clients innovative solutions for the remote asset management. A processing center DECTA, created with support of the bank, has started working, cooperation with which will allow to reduce costs considerably and to expand the range of services.

The largest international conference in the Eastern Europe on electronic commerce “eCom21” was held under the auspices of Rietumu for the fourth time. It gathered more than 600 participants from 40 countries.

The Bank keeps developing trade financing and credit financing of transport sector, it offers to it's klients new services on real estate credit financing in Great Britain, Ireland, Spain and USA.

Privileged shares and bonds of Rietumu have been issued; a network of foreign representative offices has extended.

In 2015 Rietumu for the fifth time received a prestigious award SPEAR’S Russia Wealth Management Awards as “The best bank in the CIS and Baltic countries”.

The financial statement and the auditor’s report have been forwarded to the bank’s shareholders for consideration and approving at the shareholders meeting on March 30.

It is possible to review JSC “Rietumu Banka” statement on our website .

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