Latvijas Krajbanka Announced Results for First Four Months of 2008
OREANDA-NEWS. May 19, 2008. AS "Latvijas Krajbanka" (hereinafter referred to as Latvijas Krajbanka) after-tax profit for first four months of 2008 comprised 1,0 million lats, in its turn the total asset amount comprised 511 million lats, reported the press-centre of Latvijas Krajbanka.
During first four months the amount of attracted private persons` deposits increased by 20 millions, resulting in 8% increase when comparing with the end of the year 2007.
AS "Latvijas Krajbanka" capital and reserves during first four months of the year 2008 reached almost LVL 40 million, resulting in a small decrease of 3.7%, if we compare it with the beginning of the year 2008, which is related to the dividend disbursement. The bank has paid in dividends a half or 2.6 million lats from the audited profit for the year 2007, the second half was directed towards business development.
During first four months the bank's credit portfolio increased by 19 million lats.
AS "Latvijas Krajbanka" provides various financial services to private individuals and legal entities. The bank has the widest client service centre network in Latvia.