Banks, Financial Services, Latvia
International Internet Magazine. Baltic States news & analytics
Friday, 26.04.2024, 15:55
PrivatBank earned EUR 5.708 mln in 2014
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For comparison – in 2013, the bank's profit reached EUR 3.704 million, the group's – EUR 2.988 million.
The bank's assets at the end of 2014 stood at EUR 687.42 million. Compared with 2013, the amount of assets decreased by 17%. At the end of 2013, the bank's assets amounted to EUR 805 million.
The group's assets at the end of 2014 reached EUR 678.67 million; at the end of 2013 – 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.
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