OREANDA-NEWS. March 25, 2010. Rietumu Bank’s shareholders have confirmed Rietumu Bank’s and Rietumu Group’s audited financial results for the year 2009 and made a decision on the last year’s profit allocation in their meeting convened on 25 March in Riga.

The Shareholders’ meeting has approved Consolidated and Bank Financial Statements and Independent Auditor’s – KMPG Baltics – Report for the year ended 31 December 2009.

The net consolidated profit of Rietumu in 2009 accounted for LVL 8.3 million (EUR 12 million), the volume of assets – LVL 1 billion (EUR 1.4 billion), equity and reserves – LVL 133 million (EUR 190 million).

The Shareholders’ meeting has taken the decision to leave the net profit undivided and for JSC Rietumu Bank’s disposal.

The Shareholders’ meeting has also approved KPMG Baltics as the Bank’s auditor for 2010.