OREANDA-NEWS. February 06, 2013. Net profit reached LVL 7 million (EUR 10 million), a year-on-year increase 3.6 times, reported the press-centre of Baltikums Bank.

Gross revenue constituted LVL 20.7 million (EUR 29.5 million), or 48% higher than for the same period of 2011;

The Bank’s assets, including assets under management, as of the reporting date have increased by 46% to reach LVL 408 million (EUR 580.6 million), including a 19% increase in the amount of assets under management in the past 12 months (by LVL 12.7 million, or EUR 18.1 million);

Deposits totalled LVL 288.1 million (EUR 409.9 million), a 59% increase since the beginning of the year;

The volume of the Bank’s credit portfolio at the end of the period constituted LVL 26.1 million (EUR 37.2 million);

The Bank’s capital adequacy ratio as of 31 December 2012 was 17.9%, whereas its liquidity ratio was 78%;

ROA at the end of 2012 was 2.5%, with a ROE of 26%;

The capital and reserves of Baltikums Bank grew in the past 12 months to LVL 29.3 million (EUR 41.6 million), with a 35% increase from 31 December 2011.