OREANDA-NEWS. September 16, 2009. Audit of financial results of the financial concern Baltikums Bankas Grupa for the year 2008 has been completed. The international audit company KPMG Baltics performed the audit, reported the press-centre of Baltikums Banka.

In 2008, Baltikums Bankas Grupa continued its sustainable growth and implementation of its plans according to the long-term strategy aimed at improving positions of the banking group in the niche of servicing corporate and international customers, as well as high net worth individuals. In 2008, the audited profit of Baltikums Bankas Grupa amounted to LVL 2.49 million; the volume of the group’s assets increased by 10.17% by the end of the year and made up LVL 133.28 million.

Baltikums Bankas Grupa established in Latvia in 1994 is a private financial group with its head office in Latvia and with affiliates and structural units including Baltikums Banka, Baltikums Private Bank, Baltikums Asset Management, Baltikums Trust Management, ООО “Балтикумс Траст” (Russia), and other companies according to the information available on www.baltikums.eu.

Baltikums Bankas Grupa operates in 6 countries, hires more than 250 professionals, and provides asset management, private capital management, banking, investment-banking, trust management, consulting, and insurance services to private, corporate, and institutional customers by acting via its own network of companies, representative offices, and branches.