Rietumu Bank’s shareholders have confirmed Rietumu Bank’s and Rietumu Group’s audited financial results for 2008 and have taken decision on the last year’s profit distribution in their meeting convened on 20 March in Riga.
The Shareholders’ meeting has approved Consolidated and Bank Financial Statements and Auditor’s – KMPG Baltics – Report for the year ended 31 December 2008. The audited Report approved by the Shareholders’ meeting proves that 2008 was a successful year for the Bank despite the complicated economic environment.
The net profit of the Bank in 2008 amounted to LVL 20.5 million (EUR 29.2 million), the volume of assets – LVL 1.1 billion (EUR 1.6 billion).
The Shareholders’ meeting resolved to distribute dividends from the Bank’s net profit of 2008 in the amount LVL 0.23 per share, representing LVL 5.2 million (EUR 7.4 million) or 25% of the net profit.
The Shareholders’ meeting has also approved KPMG Baltics as the Bank’s auditor for 2009.
Eleonora Gailisha Mass Media and Public Relations
Phone: +371-67020506
Fax: +371-67020563
E-mail:
[email protected]
