Banks, Financial Services, Latvia
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Saturday, 20.04.2024, 07:18
Rigensis Bank posts EUR 1.573 mln in H1 profit
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The bank's assets stood at EUR 256.009 million on June 30, 2017, which is
by 24.9% less compared to EUR 340.921 million in assets in late 2016.
The bank's capital and reserves were at EUR 61.02 million at the end of
June this year, down 1.5% from the end of last year.
Rigensis Bank's liquidity
ratio at the end of June 2017 was 109.17% whereas the minimum requirement set
by the Latvian financial watchdog for the given bank is 60%.
Rigensis Bank posted
audited profit of EUR 2.1 million for the first half of 2017.
Founded in 2011, Rigensis Bank is
the 12th largest bank in Latvia in terms of assets at the end of March 2017,
according to the Latvian Association of Commercial Banks.
Russian businessman Igor Tsyplakov
is the largest shareholder of Rigensis
Bank.
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