Banks, Deposits, Financial Services, Latvia
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Thursday, 28.03.2024, 16:52
Rietumu Banka's January-September profit at EUR 21.382 mln
Rietumu Banka's assets stood at EUR 2.977 billion - 14.1% or EUR 488.429 million less
than at the end of 2016.
Deposits at Rietumu Banka
amounted to EUR 2.286 billion by the end of September. This is 17.4% less than
in December 2016, while the bank's loan portfolio decreased 6.8% to EUR 1.141
billion.
Meanwhile, the bank's capital and reserves stood at EUR 476.191 million as
of September 30, 1% up from end-2016.
Rietumu Banka's liquidity ratio was 77.22% at the end of September (compared
to the Financial and Capital Market's minimum requirement of 60% for the bank),
and capital adequacy ratio was 23.22% (Financial and Capital Market's minimum
requirement is 11.6%).
In the first nine months last year, Rietumu
Banka operated with a profit of EUR 78.89 million.
In terms of assets, Rietumu Banka
was the fifth largest bank in Latvia this past June. The bank's main
shareholders are Esterkin Family
Investments (33.12%), Maltese company
Boswell (International) Consulting Limited (33.11%), and Suharenko Family Investments (17.34%).