Latvia’s Parex banka posts 12 pct profit growth to EUR 21.3 mln for 2004
Published:
31 January 2005 y., Monday
Parex banka, the largest bank in Latvia by assets, last year made a profit of 15 million lats EUR 21.34 mln), according to preliminary data, which is 12 percent more than in 2003, according to data provided by Latvia's Commercial Banks Association, in the last quarter of the year alone the bank's profit was nearly 5.5 million lats.
The bank's assets Dec. 31, 2004 were 1.399 billion lats, up by 32.9 percent over the year. Boasting the largest among Latvia's banks, the assets of Parex Bank late last year accounted for 17.8 percent of the aggregate Latvian banking assets.
Parex banka's credit portfolio late last year amounted to 666.978 million lats, up 43.4 percent from beginning of the year and making up 15.2 percent of the aggregate loan portfolio of Latvia's banks.
Deposits in Parex banka at the end of the last year amounted to 1.043 million lats, up 31.5 percent over the year and 20.4 percent of the entire deposits in all Latvia's banks.
The bank's capital and reserves late last year were 124.875 million lats, up 17.8 percent over the year. In 2003 Parex banka's profit was 13.423 million lats.
The bank's largest shareholders are its heads Valerijs Kargins and Viktors Krasovickis.
Šaltinis:
BNS, parexgroup.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Mr. Olli Rehn, European Union Commissioner, and Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following joint statement on Greece.
more »
The offering of shares of the new issue will commence on 03-05-2010.
more »
The World Bank today approved a $12 million IDA credit to Bhutan, designed to improve infrastructure services in parts of the capital city of Thimphu where no formal services are currently available.
more »
Fisheries ministers and stakeholders alike will be discussing the future shape of the EU's Common Fisheries Policy at two major events in Spain over the next days. On 2 and 3 May, in La Coruña, the Commission and the Spanish Presidency are organising a large stakeholder conference on the reform of the Common Fisheries Policy.
more »
Asia is leading the global recovery and the region’s contribution to global growth will continue to exceed that of other regions in the next two years, the International Monetary Fund (IMF) said today in its latest Regional Economic Outlook (REO) for Asia and the Pacific.
more »
The EBRD is supporting the modernization of the electricity distribution network and the development of renewable energy sources in Poland with a PLN 800 million loan (equivalent to approximately €205 million) to the Energa energy group in order to help the company strengthen its power grid.
more »
At the beginning of the summer this year, Vilnius will become the capital of the Baltic Sea region. On 1-2 June 2010, the city will host the Baltic Sea States Summit and the Baltic Development Forum (BDF) Summit.
more »
Visitors of the World Expo 2010, which will open in the Chinese city of Shanghai on May 1st under the slogan “Better City, Better Life” and will last for 184 days until the end of October, are kindly invited to get into a hot air balloon at the Lithuanian Pavilion.
more »
According to preliminary data, unaudited net loss sustained over the first quarter of the year 2010 by SEB Bank is LTL 59,4 million (EUR 17,2 million) and that by SEB Bank Group is LTL 80,3 million (EUR 23,3 million).
more »
European Globalisation Adjustment fund (EGF) aid must be delivered faster and more simply to unemployed workers hit by the financial crisis or globalisation, concluded the Budgets and Employment committees after evaluating the fund on Wednesday.
more »