Banks, Financial Services, Latvia

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 12:45

Krajbanka Group's audited profit reached LVL 2.748 million in 2008

Nina Kolyako, BC, Riga, 08.03.2009.Print version
The joint-stock Latvijas Krajbanka Group's profit after tax was LVL 2.784 million in 2008, according to the auditor's report.

The group's assets stood at LVL 682 million at end-2008, or LVL 11 million more than in 2007.

 

Deposits at Krajbanka increased LVL 16.3 million or 6.2% last year, which was one of the steepest increases in the Latvian banking sector last year.

 

According to Krajbanka management, the bank continued to pursue cautious lending policy last year, and attained a high capital adequacy level of 11.37% at the end of the last year.

 

As reported, Lithuanian bank Snoras, controlled by Russia's Konversbank, is the largest Krajbanka shareholder.






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