Banks, Financial Services, Investments, Latvia

International Internet Magazine. Baltic States news & analytics Wednesday, 24.04.2024, 18:36

Regionala investiciju banka suffers EUR 1.88 losses in 2014

BC, Riga, 05.03.2015.Print version
In 2014, the Latvian commercial bank Regionala investiciju banka suffered losses in the amount EUR 1.882 million, informs LETA, according to the bank's unaudited financial data.

The bank concluded 2013 with a EUR 1.031 million profit. The bank's ROE in 2014 was negative – minus 4.97% (in 2013 – 2.83%). The bank's ROA in 2014 was minus 0.37% (in 2013 – 0.23%).

 

At the end of 2014, the bank's assets amounted to EUR 592.857 million. This is 32% more as compared with 2013, when the amount of assets reached EUR 447.742 million.

 

The bank's liquidity ratio in 2014 was 91.03% (the minimum ratio is 30%).

 

The balance of the bank's credit portfolio in the fourth quarter of 2014 was EUR 99.39 million, the majority of which – EUR 95.718 million – accounted for credits for legal persons. Credits without delayed payments amounted to EUR 58.813 million, credits with delayed payments over 180 days – EUR 22.797 million, from 90 to 180 days – EUR 10.906 million, from 30 to 90 days – EUR 4.148 million, up to 30 days – EUR 2.728 million.

 

Being the largest shareholder, the Ukrainian bank Pivdennij owns 57.16% of shares in Regionala investiciju banka.

 

The bank's CEO is Aleksandrs Kovalskis.






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