Banks, Financial Services, Good for Business, Latvia

At the end of March 2017, Rietumu Banka's assets totaled EUR 3.394 bln, down 2.1 % or EUR 72 mln from the end of 2016 when it held EUR 3.466 bln in assets.

Deposits stood at EUR 2.7 bln at the end of March this year, which is a decline by 2.4% or ER 67.845 mln from late 2016.

The bank's capital and reserves were at EUR 473.251 mln at the end of March this year, up 0.4% compared to the end of 2016.

The bank's liquidity ratio was 79.98% at the end of March this year (the minimum requirement set by the Latvian financial watchdog for the bank is 60%), and its capital adequacy ratio was 22.52% compared to the minimum requirement of 11.6%.    

In the first quarter of 2016, Rietumu Banka showed a profit of EUR 16.887 mln.

Rietumu Banka is the third largest bank in Latvia by assets.

The bank's largest shareholders are Esterkin Family Investments (33.12 %) Maltese company Boswell (International) Consulting Limited (33.11 %), and Suharenko Family Investments (17.34 %).

Bonds issued by Rietumu Banka are quoted on the Baltic Bond List of the Nasdaq Riga stock exchange.