OREANDA-NEWS. April 07, 2008. Rietumu Bank’s profit for the first two months of 2008 accounted for LVL 4,1 million (EUR 5,8 million), whereas in February the Bank earned LVL 1,9 million (EUR 2,7 million), reported the press-centre of Rietumu Bank.

The Bank’s assets excluding assets under management amounted to LVL 1,1 billion (EUR 1,6 billion) showing 19% growth over February 2007. Total assets increased by 9%, reaching LVL 1,2 billion (EUR 1,7 billion).

The commercial loan portfolio accounted for LVL 606 million (EUR 862 million), having increased by 47% since February 2007. The total amount of customers’ deposits increased by 16%, topping LVL 805 million (EUR 1,1 billion).

The Bank’s equity and reserves reached LVL 127 million (EUR 181 million), up 25% from 2007.