Rietumu Banka
 |
|
| Industry | Financial services |
|---|---|
| Founded | 1992 |
| Headquarters | Riga, Latvia |
|
Key people
|
Leonid Esterkin, Arkady Suharenko, Dermot Desmond |
 €72.179 million |
|
| Total assets |
€3,785.767 million |
| Total equity |
€432.841 million |
|
Number of employees
|
769 |
| Website | www |
Rietumu Banka - JSC Rietumu Banka (Rietumu, Rietumu Bank) is a Latvian commercial bank that was established in 1992. It is one of the largest private banks in the Baltic States, specialising in corporate banking and affluent individuals. It is headquartered in Riga.
The Bank is well represented in the global market, providing a full range of financial services to customers who have business in Europe, the Baltic States, Russia, Ukraine, Belarus, and other regions. Apart from traditional banking services, such as crediting, financing trade operations, deposits and international payments, Rietumu Bank provides consulting services, brokerage services, asset management, consulting, and assistance in obtaining a residence permit in Latvia, as well as offering deluxe credit cards.
Apart from the headquarters in Riga, the bank’s representative offices operate in Moscow, Kiev, Minsk, Almaty, Bucharest. Remote banking is provided by means of internet banking, the home banking system, and the banking application for the iPhone. Services are provided in Latvian, Russian, English, French, German and Chinese.
In accordance with the audited financial report data for 2010, Rietumu Bank’s net profits in 2010 amounted to EUR 4.6 million and the profits for the Rietumu Group totalled EUR 9.7 million.
As of 31.12.2010, the total assets of Rietumu Bank total EUR 1.6 billion, while the credit portfolio amounts to EUR 763 million, the total client deposits have reached EUR 1.4 billion, and the capital and reserves equal EUR 196 million. The capital adequacy ratio is 17.8%.
The meeting of shareholders reached a decision by which the net profit gained would not be distributed, instead leaving it at the disposal of Rietumu.
According to the audited financial statement for the year 2015, the net audited profit of the bank for the past year has reached EUR 72.2 million. The bank assets amount to EUR 3.8 billion, exceeding the corresponding figures as of 31.12.2014 for 8.9%. The volume of customer deposits has reached EUR 3.2 billion (+4%), equity and reserves have been increased for 34% to EUR 433 million.Capital adequacy ratio was 19.43%, return on equity after tax (ROE) – 19.09%, return on assets (ROA) – 1.99% 2015 Annual Report.
In 2004
In 2009
In 2015
In 2016
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Wikipedia