Deposits from Individuals at Parex Banka Grow by 33,5%
OREANDA-NEWS. October 29, 2008. Despite the tense situation in the global economy, Parex banka continues its activities in both, Latvian and foreign financial markets, reported the press-centre of Parex banka.
Thus, in 9 months of 2008 the amount of deposits from private individuals at Parex banka has increased by 33,5%. Moreover, Parex banka’s market share in this particular segment has seen growth by 3,7%.
The total amount of deposits at Parex banka, as at 30 September 2008, reached 1,94 billion lats, wherewith Parex banka’s market share in terms of deposits has increased by 1,3% to 19,2%, which is a substantial indicator of clients’ confidence in the Bank.
Parex banka traditionally enjoys the leading position by the amount of attracted deposits. While the loan portfolio of the bank stood at 1,90 billion lats, as at 30 September 2008; thus, the amount of deposits attracted at Parex banka is equal to the amount of loans issued by the bank.