OREANDA-NEWS  On 14 November was announced, that in 10 months of 2008 JSC Akciju komercbanka Baltikums earned 3.6 million lats. The bank continued to show stable gains in deposits attracted from corporate clients – the basic target group of the bank. In October, the total amount of attracted deposits increased 10.7 % (7.7 million lats) in comparison with September.

JSC Akciju komercbanka Baltikums non-audited financial results as of October 31, 2008:

Assets: LVL 113,599,776 (EUR 161,637,919)

Loans:  LVL 35,569,171 (EUR 50,610,371)

Incl. loans to households for acquisition of housing: LVL 230,536 (EUR 328,023)

Incl. mortgage loans: LVL 232,530 (EUR 330,860)

Deposits: LVL 79,688,867 (EUR 113,387,042)

Incl. from households: LVL 5,660,419 (EUR 8,054,051)

Shareholders’ equity: LVL 18,856,988 (EUR 26,831,077)

Profit of the year: LVL 3,576,249 (EUR 5,089,099)

Assets under management: LVL 16,076,431 (EUR 22,874,700)

The fixed exchange rate of the Bank of Latvia is 1 EUR=0.702804 LVL.