Banks, Financial Services, Good for Business, Latvia

High efficiency characteristic for Rietumu Bank is continued – the return on assets (ROA) is 1.99%, the return on equity (ROE) is 8.51%. The bank secures the highest liquidity coverage ratio (LCR) of 1219.52% (the minimum ratio being 100%). 

“During this quarter, the bank has completed its strategy correction measures started during the crisis period of the industry this spring. The work performed has been positively evaluated by experts, both in Latvia and abroad. Rietumu Bank has started its new stage of development – methodical long-term work. 

Objective financial indicators show that the bank is in good shape today and has a solid basis. We have become more experienced and, hence, smarter and stronger. We provide our clients with good quality customised service and professional expertise on international financial markets. We are open to their new projects and ideas, many of which have been already accepted for practical work. 

I am grateful to our clients and partners in Latvia and worldwide, the ones who have been with us since long ago and those who have just come, for their cooperation and support,” said Chairman of the Board of Rietumu Bank Rolf Fuls.