Banks, Financial Services, Latvia
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Saturday, 20.04.2024, 14:42
Rietumu Bank’s Q1 financial report has been published
Print version |
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The bank's assets have decreased by 28% since the beginning of the year,
which is due to active work on the implementation of decision taken in early
spring to stop cooperation with the clients of "high risk"
group.
Equity and reserves as of 31 March 2018 amounted to 467 million euros (+ 2%
compared to the data as of 31 December 2017). The bank continues to provide the
highest liquidity coverage ratio of 1010.73% (minimum normative – 100%).
"The results of the first quarter show that we manage to effectively
implement the necessary changes while maintaining the position of one of the
most profitable banks in Latvia. We are continuing our policy of modernizing
the strategy. The bank opens accounts to new corporate clients, continues to
receive and consider new promising projects," says Rolf Fuls, the Chairman
of the Board of Rietumu Bank.
Complete version of the report is available on the website.
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