Banks, Deposits, Financial Services, Latvia
International Internet Magazine. Baltic States news & analytics
Thursday, 25.04.2024, 22:50
ABLV Bank posts EUR 60.4 mln in 9-month profit
In comparison, the bank posted EUR 50 million in profit in the first nine months of 2014. Despite the complicated year in international economics and politics, the financial and growth objectives set for 2015 will be achieved, the bank informs.
The bank’s major financial indicators in Q3 2015 demonstrate stable and consistent growth of the bank.
The bank’s operating income for the nine nine months of 2015 before allowances amounted to EUR 102.6 million.
During the nine months of 2015, the amount of deposits with the bank has grown by 7%, reaching EUR 3.64 billion.
As of September 30, 2015, the amount of the bank’s assets totaled EUR 4.65 billion. The bank’s loan portfolio amounts to EUR 871.1 million, and the amount of commercial loans has increased and reached EUR 524.0 million.
The bank’s capital and reserves amounted to EUR 268.6 million.
As of September 30, 2015, the bank’s capital adequacy ratio was 16.95%, whereas liquidity equaled 76.22%. ROE reached 33.66%, and ROA – 1.76%.
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.