OREANDA-NEWS. On July 19, 2007 non-audited net profit of Rietumu Bank for six months of 2007 accounted for LVL 18 m  (EUR 25,6 m) – enjoying a growth of almost 50% compared to the corresponding period of 2006. In June the Bank earned LVL 1,7 m (EUR 2,4 m), reported the press-centre of  Rietumu Bank.

The Bank’s assets excluding assets under management reached LVL 1 bn (EUR 1,4 bn), rising by 31% vis-a-vis June 30, 2006, whereas assets including assets under management increased by 38% to LVL 1,2 bn (EUR 1,7 bn).

The Bank’s credit portfolio grew by 54% versus June 2006 running up to LVL 503 m (EUR 716 m). While customer deposits demonstrated a 23% growth coming to LVL 744m (EUR 1,1 bn).

The Bank’s equity – LVL 104 m (EUR 148 m.).

In June Rietumu Bank has attracted a 3-years syndicated loan in the amount of EUR 120 million with participation from 19 banks.

The Bank also has increased interest rates for term deposits in EUR, USD and GBP for customers.