Rietumu Bank Shareholders’ and Council meeting took place last week in Riga. The Bank’s Council and Shareholders approved audited interim financial statements 2010 and the auditor’s KPMG Baltics opinion.
In line with the interim financial statements, net profit of Rietumu for the first six months of 2010 accounted for LVL 2 million (EUR 3 million).
Assets volume – LVL 1 billion (EUR 1.4 billion), equity and reserves – LVL 137 million (EUR 195 million).
The capital adequacy ratio exceeded 17%, which is twice higher than required by international and local regulators.
In the first half-year Rietumu paid off the last syndicated loan in the amount of EUR 120 million attracted in June 2007 for corporate lending purposes. At present, the bank has no syndicated loan obligations.
Full text of the financial statements is available
on our website.
Eleonora Gailisha Mass Media and Public Relations
Phone: +371-67020506
Fax: +371-67020563
E-mail:
[email protected]
