Banks, Financial Services, Latvia, Loan

For comparison – in 2013, the bank's profit was EUR 43.7 million.

In 2014, the bank and ABLV Group companies continued to grow by consistently executing the Group's development strategy. Several of the bank's target markets were significantly affected by political and economic instability, however, thanks to the applied business model, risk management, and careful policy, the bank managed to achieve the desired results. The bank's business model still lists individual customer service for private and corporate clients as its main goal. Another important aspect includes export of high-level financial services.

The bank's most important financial indicators in 2014 indicate stable growth.

The audited data demonstrate that the bank's operating income before allowances for credit losses was EUR 122.4 million in 2014. This is a 11.1% increase, as compared with 2013.

The amount of client deposits at the end of 2014 reached EUR 3.41 billion.

The bank's debt securities reached EUR 454.6 million.

The amount of assets on December 31, 2014, was EUR 4.17 billion. Over the year, the amount of assets has grown by 25.8%, with the the total volume increasing by EUR 854.5 million.