OREANDA-NEWS. On 23 April 2009 akciju sabiedriba "Latvijas tirdzniecibas banka" (Bank) informed about actual bank’s position at financial market in the period of global changes in economy and financial system.

Akciju sabiedriba "Latvijas tirdzniecibas banka" is the one of the oldest banks in Latvia, 100% of its capital owned by MDM Bank (Open Joint Stock Company) (MDM Bank). On 31/01/2009 Bank’s total assets took 11th position, capital – 10th position in the Latvian banks rating (total - 23).

On February 16, 2009 audit company Ernst & Young gave an opinion without any point of criticism to Annual report for the year 2008, which included extended audit report (comments about fundamental risks’ analysis inherent in Bank’s activity) according to International Standard on additional auditing services (International Standard on Related Services 4400).

Full report is available on Bank’s web-site www.ltblv.com .

Despite the problems in economy and financial markets, Bank advantageously differs from others credit institutions (particularly, in Latvia)

- Bank is minimally integrated into Latvian financial system – its credit market share is 0.001%, what makes Bank less assailable in the complicated economic situation in Latvia.

- Bank has no need for borrowed funds and, unlike others banks Akciju sabiedriba "Latvijas tirdzniecibas banka" has no international liabilities restructuring problems.

- Bank is highly capitalized bank: capital adequacy - 45%, to compare, in the end of January 2009 the average capital adequacy in Latvian banking market reached 12,5%.

- Bank is prominent in high level of liquidity: current liquidity ratio comes up to 100%, and it noticeably exceeds required 30%. High liquidity position is a result of conservative asset management – adhered risk-diversification strategy, Bank allocates borrowed funds in highly liquid short –term assets (generally, deposits on demand) in credit institutions with high credit rating.

- In January, 2009 MDM Bank provided Latvian supervisory institution with Letter of Comfort, where confirmed taking liabilities to supply required ratio of capitalization and liquidity of Akciju sabiedriba "Latvijas tirdzniecibas banka" until MDM Bank keeps total control in Bank.

-  Bank is special not only in high financial stability, it also successfully combines best European banking standards, clear financial market understanding and personified manner of client service.