OREANDA-NEWS. October 27, 2008. Parex banka has posted 12,4 million LVL in profit, according to the financial data summarized on 30 September 2008, reported the press-centre of Parex banka.

The third quarter financial report indicates that Bank’s assets stand at 3,14 billion lats, the volume of loans issued – 1,90 billion lats, but deposits at Parex banka have reached 1,94 billion lats. In terms of deposits (since the beginning of 2008, total deposits have increased by 6%, but deposits from private individuals have grown by 33%) Parex banka is holding the leading position in the Latvian market. Bank’s capital and reserves are worth 208 million lats.

Eriks Brivmanis, the Senior Vice President of Parex banka commented: “Despite the news we, in Latvia, are receiving from the financial sectors of other countries, Parex banka has demonstrated sustainable third quarter financial data. Espesially positive news in these circumstances is the increase in the volume of deposits, which indicates our clients’ confidence in the Bank. We are satisfied with the achieved financial results and regard them as adequate to the current situation.”