OREANDA-NEWS. May 07, 2008. Rietumu Bank’s profit for the first three months of 2008 accounted for LVL 5,5 million (EUR 7,8 million), whereas in March the Bank earned LVL 1,4 million (EUR 2 million), reported the press-centre of Rietumu Bank.

The Bank’s assets excluding assets under management demonstrated a 12% growth as compared to 31.03.2007, the assets’ volume amounted to LVL 1,1 billion (EUR 1,6 billion).

The commercial loan portfolio accounted for LVL 608 million (EUR 865 million), having increased by 36% in comparison with March 2007.

The total amount of customers’ deposits increased by 8%, topping LVL 802 million (EUR 1,1 billion).

The Bank’s equity and reserves reached LVL 119 million (EUR 169 million), up 21% from 2007.