Banks, Financial Services, Latvia

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 13:45

PrivatBank in Latvia increases profit in 2014

BC, Riga, 04.03.2015.Print version
The commercial bank PrivatBank earned EUR 6.23 million last year, while the Group's profit reached EUR 6.51 million, according to the bank's unaudited financial statement for the last quarter of 2014, cites LETA.

For comparison, in 2013 the bank's profit was EUR 3.704 million, the Group's profit – EUR 2.988 million.

 

The bank's assets at the end of 2014 reached EUR 687.99 million – a 17% reduction from 2013. At the end of 2013, the bank's assets were EUR 805 million.

 

The Group's assets at the end of 2014 amounted to EUR 679.224 million (at the end of 2013 – EUR 798.762 million).

 

PrivatBank Group includes PrivatLizings, PrivatConsulting, Amber Real, PrivatInvestment, and PrivatBrokers.

 

The bank's return on equity in 2014 was 11.5%; return on assets – 0.91%.

 

The bank's liquidity ratio was 91.84% (the minimum ratio is 50%).

 

PrivatBank was founded in 1992.

 

PrivatBank's largest shareholder is the Ukrainian company PrivatBank, which owns 50.02% of the bank's shares in Latvia.

 

According to information provided by the Association of Commercial Banks of Latvia, in terms of assets PrivatBank was the ninth largest bank in Latvia in the third quarter of 2014.






Search site