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Latvijas Pasta banka earns EUR 1.8 mln in 2014

BC, Riga, 04.03.2015.Print version
Latvijas Pasta banka (Latvian Postal Bank) earned EUR 1.819 million in 2014, reports LETA, according to the company's unaudited financial statement for 2014.

Compared with 2013, the bank's profit grew 11% last year. In 2013, the bank's profit reached EUR 1.643 million.

 

Latvijas Pasta banka assets at the end of 2014 amounted to EUR 141.834 million, as compared with EUR 90.421 million at the end of 2013.

 

The bank's return on equity in 2014 was 16.59% (in 2013 – 18.51%).

 

Meanwhile, the bank's return on assets in 2014 was 1.72% (in 2013 – 2.21%).

 

The bank's capital adequacy ratio at the end of 2014 was 15.43% (at the end of 2013 – 20.2%).

 

Latvijas Pasta banka mainly focuses on Latvia, Russia, and countries within the European Economic Area.

 

The bank was established in 2008.

 

Latvijas Pasta banka sole shareholder is Mono, according to "Firmas.lv".






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