Banks, Financial Services, Good for Business, Latvia
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Friday, 26.04.2024, 05:44
Latvia's Rietumu Banka closes Q3 with profit of EUR 78.89 mln
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The bank's profit at the end of the third quarter in 2015
was EUR 56.33 mln.
Rietumu Banka's
interest income in the first three quarters of this year amounted to EUR 69.19 mln,
commission and fee income was EUR 49.77 mln and net realized gain from
available-for-sale financial assets was EUR 31.48 mln.
Interest expense in the first nine months of this year was
EUR 17.48 mln, commission and fee expense was EUR 19.14 mln, and administrative
expense was EUR 33.38 mln.
The bank's return on equity (ROE) was 23.54 % at the end of
the third quarter of 2016.
At the end of September this year, Rietumu Banka's assets totaled EUR 3.43 bln.
The bank's biggest owners are Boswell (International) Consulting Limited (33.11 %), Esterkin Family Investments (33.12 %)
and Suharenko Family Investments
(17.34 %).
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