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:
[email protected]
