Banks, Deposits, Financial Services, Latvia, Loan
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Friday, 26.04.2024, 00:38
ABLV Bank posts EUR 20.1 mln in Q1 profit
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This allows expecting that the bank will achieve the financial and growth objectives set for 2015, the bank said in a statement.
The bank’s profit in Q1 2015 amounted to EUR 20.1 million. Whereas in Q1 2014 it equaled EUR 16.6 million.
The bank’s operating income before allowances for credit losses totaled EUR 34.8 million. Compared with Q1 2014, operating income has increased by 17.2%.
The bank’s amount of deposits and assets continued to grow. Since the beginning of 2015, the amount of deposits has increased by EUR 246.3 million, i.e., 7.2%, reaching EUR 3.65 billion.
The amount of issued debt securities reached EUR 539.6 million.
As at March 31, 2015, the amount of the bank’s assets totaled EUR 4.61 billion. Since the beginning of the year, the amount of assets has grown by 10.7%, the total assets increasing by EUR 444.2 million.
The bank’s loan portfolio equaled EUR 826.6 million, as at the end of March.
The bank’s capital and reserves amounted to EUR 221.8 million.
As of March 31, 2015, the bank’s capital adequacy ratio was 17.57%, whereas liquidity equaled 74.61%.
ROE reached 36.05%, and ROA – 1.78%, as of March 31, 2015.
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