Banks, Financial Services, Latvia, Loan
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Tuesday, 09.06.2026, 07:45
ABLV Bank earned LVL 5.7 mln in net profit in H1
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The bank's operating income before allowances for credit losses totaled LVL 31.8 million at the end of June, writes LETA.
The total amount of investments at ABLV Bank reached LVL 1.85 billion. Since the beginning of the year, the amount of deposits has grown 15.3%.
As of June 30, the bank’s assets amounted to LVL 2.04 billion and ABLV Bank ranked fourth in terms of asset amounts among all commercial banks operating in Latvia, pointed out Jargans.
During the first half-year, the bank’s loan portfolio decreased from LVL 470.6 million to LVL 459.3 million. ABLV Bank notes that the bank's approach to crediting remains highly conservative – its loan portfolio constitutes 22.5% of the bank’s total assets.
Necessary allowances made under the loan portfolio and other assets amounted to LVL 56.3 million.
The bank’s capital and reserves amounted to LVL 94. As of December 31, 2011, the bank’s capital and reserves stood at LVL 90.1 million.
As of June 30, 2012, the bank’s capital adequacy ratio was 14.2%, whereas liquidity equaled 69.8%. ROE reached 12.05%, ROA – 0.59%.
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