Banks, Deposits, Financial Services, Latvia, Loan

In comparison, the bank posted EUR 32.9 million in profit in the first half of 2014.

The bank’s operating income before allowances for credit losses totaled EUR 73.0 million. Compared with H1 2014, operating income has increased by 22.6%.

The amount of the customers’ deposits equaled EUR 3.65 billion as at the end of the reporting period.

The amount of issued debt securities reached EUR 476 million.

As of June 30, 2015, the amount of the bank’s assets totaled EUR 4.55 billion. Since the beginning of the year, the amount of assets has grown by 9.1%, the total assets increasing by EUR 378.4 million.

The bank’s loan portfolio equaled EUR 833.3 million as at the end of June.

The bank’s capital and reserves amounted to EUR 249.3 million.

As at 30 June 2015, the bank’s capital adequacy ratio was 17.66%, whereas liquidity equaled 76.63%.

ROE reached 31.1%, and ROA – 1.91%, as of June 30 2015.

The bank’s other key performance indicators remain high as well, despite complex and strained situation persistent in several target markets, and according to the bank's business model greater attention is being paid to risk management. Therefore, the bank points out that it is confident about achieving the financial and growth targets set for 2015.

ABLV Bank is the largest independent private bank in Latvia. The bank’s major shareholders — Olegs Fils, Ernests Bernis and Nika Berne – directly and indirectly hold 86.25% of the bank's voting share capital.