11.03.2015. Rietumu Bank – the most profitable private bank in Latvia in 2014

News

Unaudited net profit of Rietumu Bank for the year 2014, including dividends paid to shareholders for the first half year, is EUR 72 million. This is 35% more than a year ago.

The bank’s assets are valued at EUR 3.5 billion, which exceeds the corresponding figure as of 31.12.2013 by 19%. The volume of deposits of bank clients accordingly grew by 19% as well, constituting EUR 3.1 billion. The equity and the reserves are estimated at EUR 324 million (+ 19%). The return on equity is 22.75%, the return on assets is 2.29%, the capital adequacy is 17.48%.

For the fourth time, the bank received the prestigious SPEAR’S Russia Wealth Management Award in the nomination “Best Private Bank in the CIS and Baltic States Providing Banking Services and Wealth Management for Russian Clients”.