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Rietumu Bank financial results in 2009 22/02/10 | | Unaudited profit of Rietumu bank in 2009 accounted for LVL 9.2 million (EUR 13 million). Loans granted for promoting projects beyond the Baltic States including Russia and Belarus make over a third part of the total credit portfolio. As of the end of 2009, Rietumu credit portfolio totalled LVL 489 million (EUR 690 million). Capital adequacy ratio accounted for 16% exceeding requirements of international and local regulators twofold. The bank’s management is fully satisfied with the results of 2009. Despite the economic crisis Rietumu successfully ended the year, having maintained its status of the most effective bank in the Baltics. | | |
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