OREANDA-NEWS. March 05, 2008. Rietumu Bank’s profit in January 2008 amounted to LVL 2,3m (EUR 3,3m), reported the press-centre of Rietumu Bank.

The bank’s assets reached LVL 1,2bn (EUR 1,7bn), whilst assets excluding assets under management increased by 23% (LVL 233m) and total assets – by 15% (LVL 154m) comparing to the results of January 2007.

The credit portfolio grew considerably – by 53% – and accounted for LVL 607m (EUR 864m).

Customer deposits increased by 22%, topping LVL 860m (EUR 1,2bn).

The bank’s equity and reserves reached LVL 125m (EUR 178m), showing a 27% growth over January 2007.