OREANDA-NEWS. April 14, 2014. NORVIK BANKA has started the year 2014 showing stable performance indicators – in Q1 2014 the Bank’s profit totalled 0.5 million EUR (0.3 million LVL).

The amount of deposits increased as well – by 31.8 million EUR (22.3 million LVL) from the beginning of the year amounting to 745.7 million EUR (524 million LVL). The amount of subordinated deposits grew by 6.4 million EUR (4.5 million LVL) during the first three months of the year and reached 28.3 million EUR (19.9 million LVL).

NORVIK BANKA’s annual report for the year ended on 31 December 2013 has been completed, as well. The previous year was important for the Bank not only with significant changes in the composition of the Bank’s owners but also with stable and planned business development. The amount of the Bank’s assets increased by 5.6%. The amount of liquid assets grew by 54.6%, with the Bank’s liquidity ratio rising to 55.38% from 39.79% in 2012.

NORVIK BANKA is still ranked 9th among the banks of Latvia by the amount of assets and deposits. According to the survey carried out by the research centre SKDS at the beginning of January this year, the Bank’s brand is recognized by 75.1% of Latvians. This result is logical taking into account that among the Latvian banks NORVIK BANKA offers its customers the widest customer servicing network, which consists of 80 customer servicing centres, 7 of which are the Bank’s branches.

In 2014, in line with its plans and the shareholders’ goals the Bank will continue the business of a universal bank and become even closer and friendlier to its customers and partners. This year the Bank continues the implementation of economically and socially important projects in Latvia and Armenia and plans to direct its attention to the development of business in UK and Russia.