OREANDA-NEWS. April 07, 2014. The shareholders’ meeting has taken place in Riga this week, where JSC “Rietumu Banka” 2013 Annual Report , as well as Independent Auditor’s – KMPG Baltics – Report have been approved.

The approved JSC “Rietumu Banka” 2013 Annual Report includes JSC “Rietumu Banka” Group Consolidated and Bank Separate Financial Statements for the year 2013.

As it was announced earlier, in year 2013 all main balance sheet indicators of the Bank showed a considerable increase.

According to the report, net audited profit of JSC “Rietumu Banka” Group accounted for 62.3m euro, which includes 53.5m euro net audited profit of the Bank.

The volume of Bank’s assets for 31.12.2013 exceeded 2bn lats (2.9bn euro), the volume of customers’ deposits – 1.8bn lats (2.6bn euro), equity and reserves of the Bank – 191m lats (272 m euro). Capital Adequacy Ratio –18.49%.

At the meeting of shareholders it was decided to disburse in dividends 50% (fifty percent) from the year 2013 profit of the Bank. The rest of net profit will be left at the Bank’s disposal.

The Shareholders’ meeting has also approved KPMG Baltics as the Bank’s auditor for 2014.