Commenting on the financial results, Rietumu Banka’s board chairwoman Jeļena Buraja emphasized: “More and more large Latvian companies are approaching our bank who are interested in lending their ambitious projects, refinancing existing liabilities and capital investments. Having cooperated with business clients for many years, we know the business nuances of various industries and are able to offer suitable financing solutions. Together with our customers, we continue to develop the national economy by implementing large-scale projects in green energy, production, real estate, logistics and other areas.”
Since the beginning of the year, Rietumu Banka has issued new loans for the total amount of 167 million euros. The total volume of the bank’s loan portfolio reached 644 million euros at the end of the third quarter.
According to the report, the net profit of Rietumu Banka in nine months was 12.7 million euros.
The bank’s profitability indicators are at a stable high level: return on capital (ROE) 4.87%, return on assets (ROA) 1.25%. The bank’s capital adequacy ratio, which reflects the financial stability of the company, is 25.33%, the liquidity coverage ratio is 369.42%, more than three times exceeding the requirement set by the regulator (100%).
The financial report has been published Rietumu Banka’s website.
2023-12-04 09:02:33
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