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
How will economic policies adapt in 2020 when a quarter of the EU population is over 65? Can economics better predict how banks will react to credit crunches in the future, and what their impact will be on the wider economy?
more »
The EBRD is supporting the development of one of the first modern food retail chains in Turkmenistan with a $1.9 million equity investment in Ak Enar.
more »
While on a working visit to Ukraine, President of the Republic of Lithuania Dalia Grybauskaitė has underlined that Ukraine might become a very important energy partner for Lithuania and for the whole European Union but only transparent and open relations will lead to success in this area.
more »
On 25 November in Vilnius, Lithuania’s Vice-Minister of Foreign Affairs and President of the Nordic Investment Bank discussed the issues of the Northern Dimension Partnership on Transport and Logistics (the secretariat of which is being established at the Bank), issues of the NIB cooperation with Lithuania and perspectives of the NIB’s activities in the country.
more »
The European Bank for Reconstruction and Development has adopted a new strategy for the Russian Federation.
more »
Consumer protection requires transparent and consistent trade rules, believe MEPs.
more »
The European Investment Bank (EIB) is lending CZK 2 billion (approx. EUR 76 million) to the South Moravia Region for co-financing the Region’s priority infrastructure projects supported by the EU Structural and Cohesion Funds over the period 2007 – 2013.
more »
Seeking to strengthen business partnership between Israel and Lithuania the Israel and Lithuania Chamber of Commerce has been recently established in Lithuania.
more »
AB DnB NORD Bankas, notifies that on 24 November 2009, the member of the Management Board and Executive Vice-president of AB DnB NORD Bankas dr. Jekaterina Titarenko has been appointed as Chief Financial Officer of Bank DnB NORD Group.
more »
Parliament gave its backing on Tuesday for €400 million-plus in budget aid to Serbia, Bosnia and Herzegovina, Armenia and Georgia.
more »