Banks, Financial Services, Investments, Latvia
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Friday, 29.03.2024, 09:36
ABLV Bank earns EUR 50 mln in 9 months
The bank's operating income for nine months of 2014 before allowances for credit losses amounted to EUR 89.1 million. The amount of deposits with the bank has grown by 11%, reaching EUR 3.08 billion.
As at September 30, 2014, the amount of the bank's assets totaled EUR 3.8 billion.
The bank's loan portfolio has amounted to EUR 827.3 million, and the amount of commercial loans has increased to EUR 462.2 million.
The bank's capital and reserves amounted to EUR 219.9 million. The bank's capital adequacy ratio was 16.71%, liquidity equaled 85.22%. Return on equity reached 34.14%, and return on assets –1.86%.
The bank continued investing available funds in securities. The total amount of the securities portfolio equaled EUR 1.99 billion as at September 30, 2014. The bank's securities portfolio is mostly composed of fixed-income debt securities.
Securities having credit rating "AA-" and higher constitute 71.4% of the total securities portfolio. In terms of the countries, investments are allocated as follows: the United States – 24.4%, Germany – 13.3%, Russia – 10.3%, Latvia – 10.2%, Canada – 9.4%, Sweden – 9.3%, the Netherlands – 3.2%, and Norway – 2.1%. 5.8% is constituted by securities issued by international institutions – the European Commission, European Bank for Reconstruction and Development, and others. In the reporting period, annual yield of the securities portfolio amounted to 1.6%.