Baltic States – CIS, Banks, Financial Services, Latvia
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Tuesday, 23.04.2024, 20:27
Trasta komercbanka concludes the year 2014 with EUR 9.79 losses due to situation in Ukraine
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The amount of losses in the fourth quarter totaled EUR 9.83 million. In this quarter, the bank's allowances for credit losses amounted to EUR 9.79 million, largely due to the situation in the Ukrainian market.
On December 21, 2014, the amount of the bank's capital and reserves reached EUR 44.88 million.
At the end of 2014, the bank's assets amounted to EUR 584.08 million, which is EUR 168.97 million more than at the end of 2013.
In 2014, the bank's attracted deposits reached EUR 500.22 million, whereas the bank's credit portfolio amounted to EUR 99.88 million.
The bank's return on equity (ROE) was negative last year – minus 17.82%, whereas the bank's return on assets (ROA) was minus 1.81%. For comparison – in 2013, the bank's ROE was 3.99%, ROA – 0.45%.
In 2013, Trasta komercbanka earned EUR 1.85 million, while the group's profit reached EUR 1.538 million.
The bank's largest shareholders are Igors Buimisters (43.21%), C&R Invest (14.63%), C.E.G. Treherne (9.31%), GCK Holdings Netherlands B.V. (7.42%), Rikam S.A.H. (7.29%), Figon Co Limited (3.41%).
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