The Financial Statement of Rietumu Bank and Rietumu Group has been published

The 2022 Financial Statement of Rietumu Bank and Rietumu Group, with the opinion of the auditor – KPMG Baltics – has been published

According to the statement, Rietumu Bank’s net profit in 2022 reached 19.1 million euros. The bank assets were 1.4 billion euros, customer deposits 952 million euros, loan portfolio 584 million euros, shareholder’s equity 334 million euros.

Bank efficiency indicators remain on the high level. Return on equity (ROE) after tax is 5.66%, return on assets (ROA) 1.29%, capital adequacy ratio 24.66%.

Jelena Buraja, the Chairman of the Board of Rietumu Bank has noted: “Europe and the whole world has been very much affected by the war in Ukraine in 2022. Geopolitics has put a negative pressure upon the global economy. Disruption of traditional trade relations, slowdown of economic growth, unprecedented sanctions, high inflation, increase of interest rates, volatility of financial markets – all of this required accurate evaluation of current situation, timely responsible decisions and practical actions.

I am satisfied with how Rietumu has overcome these complex challenges. We have managed not only to maintain a high level of stability and reliability, but also to continue supporting clients in the development and implementation of their new projects. We keep a close eye on the situation and current events, we are ready to make necessary business decisions, take actions and work for our common successful future”.

The full version of the Financial Statement can be found on our website.