OREANDA-NEWS. January 11, 2007. Rietumu Bank's eleven-month profit of the year 2007 accounted for LVL 31 m (EUR 44 m) - representing a 29% growth versus the corresponding period of the year 2006. In November the Bank earned LVL 2,4 m (EUR 3,4 m), reported the press-centre of Rietumu Bank.

The Bank's assets excluding assets under management increased by 17% as compared to the results of November 2006, whereas total assets grew by 9%. Currently the volume of assets has topped LVL 1 bn (EUR 1,4 bn).

The Bank’s credit portfolio enjoyed a 45% growth versus corresponding period of 2006 – up to LVL 562 m (EUR 800 m). Customer deposits rose by 12% reaching LVL 721 m (EUR 1 bn).

The shareholders' equity – LVL 119 m (EUR 169 m).