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
The European Commission has decided to grant an extension of the deadline for the divestment of Fortis' corporate banking business, consisting of Hollandsche Bank Unie N.V. (HBU), two corporate client departments, 13 "Advieskantoren" and ABN AMRO's Dutch factoring activities to Deutsche Bank.
more »
MEPs will vote on an emergency plan to help the crisis-stricken sector dairy sector on Thursday after the Agriculture Committee approved the Commission's proposal on Monday evening in Strasbourg.
more »
The EBRD is boosting competition in the Montenegrin retail sector with a loan to expand the supermarket network of one of the leading retailers in the country.
more »
Redmond, Wash. — Oct. 16, 2009— On Oct. 19, Microsoft CEO Steve Ballmer heads to the sold-out Microsoft sharepoint Conference in Las Vegas where he will address more than 7,000 sharepoint customers, partners and developers.
more »
Proposals tabled for collaboration on sea surveillance, bigger EU role in global maritime affairs and sustainable fishing.
more »
$50 million financing package for agricultural commodities operator.
more »
Seeking to increase sheet-metal production volumes, Stansefabrikken decided to move all company’s production from Lillesand (Norway) to Stansefabrikken’s successfully operating factories in Lithuania.
more »
The European Economic and Social Committee (EESC) and the European Commission Representation in Finland jointly organise a conference in Helsinki on 22 and 23 October on "The Baltic Sea Region: the best place to work and do business".
more »
Why did economy rise drastically turn into painful decline and what price will every of us have to pay for that?
more »
The economies of central and eastern Europe are expected to contract by an average of 6.3 per cent in 2009 following steep output declines in the first half of the year.
more »