This is to inform that audited interim financial statements for the year 2011 and the auditor’s KPMG Baltics opinion are published on the Bank’s website.
In line with the interim financial statements, net profit of Rietumu for the first six months of 2011 accounted for LVL 2.7 million (EUR 4 million), which is 31% more than the corresponding result of the previous year.
Assets volume – LVL 1.1 billion (EUR 1.6 billion), equity and reserves – LVL 131 million (EUR 187 million).
The capital adequacy ratio exceeded 18%, which is twice higher than required by international and local regulators.
Full text of the financial statements is available on our website.
