Net Profit of Rietumu Bank in the First Half Year Exceeded EUR 51 million

1 August 2016, 12:00

According to the financial statement, net profit of the bank during first six months has reached EUR 51.3 million, exceeding the corresponding figures as of 30.06.2015 for 36.4%.

As of 30.06.2016, the bank’s assets amount EUR 3.6 billion, the volume of clients’ deposits – EUR 2.9 billion, capital and reserves – EUR 443 million.

Return on equity (ROE) was 23.4%, return on assets (ROA) 2.8%. Capital adequacy ratio, with account of the six months’ profit, was 22.7%.

“I am fully satisfied with the results of the first half-year. The bank continues being successful even in low interest rate and turbulent geopolitical environment,” said Alexander Pankov, Rietumu Bank’s President.

This financial statement for the first half-year shall be approved at the Rietumu Bank’s Shareholders Meeting on 30 August 2016.

Financial statements of the Bank and Rietumu Group for the first half-year of 2016 are available on the website.

Eleonora Gailisha
Mass Media and Public Relations
Phone: +371-67020506
Fax: +371-67020563
E-mail: egailisha@rietumu.lv
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Yield of Rietumu Bank Preference Shares Exceeded 17%

In accordance with the decision of the Rietumu Bank shareholders general meeting held yesterday in Riga, dividends will be paid on preference shares of the bank.

31 March 2016, 12:00 Financial Results