Banks, Financial Services, Latvia

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 05:59

Latvijas Pasta Banka makes EUR 4.43 mln profit in 2015

BC, Riga, 04.02.2016.Print version
Latvijas Pasta Banka earned EUR 4.43 million last year, informs LETA, according to the company's unaudited financial statement for 2015.

In 2015, the bank's profit grew from EUR 1.98 million in 2014.

 

Latvijas Pasta Banka assets at the end of 2015 amounted to EUR 215.677 million, as compared with EUR 142.049 million at the end of 2014.

 

The bank's return on equity in 2015 was 29.53% last year (in 2014 – 16.59%).

 

Meanwhile, the bank's return on assets in 2015 was 2.52%, according to the bank's financial report available on its website.

 

The bank's liquidity ratio was 91.84% as compared to the minimum requirement of 30%.

 

The bank's capital adequacy ratio at the end of 2015 was 15.44%.

 

Latvijas Pasta Banka mainly focuses on Latvia, Russia, other CIS countries and the European Economic Area.

 

The bank was established in 2008.

 

Latvijas Pasta Banka's sole shareholder is Mono, according to Firmas.lv.

 






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