OREANDA-NEWS. In 2015, JSC „Baltic International Bank” (here referred to as the Bank; the Group-related financials are enclosed within the parentheses) performed its tasks while facing serious external challenges. In 2015 JSC „Baltic International Bank” (here referred to as the Bank; the Group-related financials are enclosed within the parentheses) focused primarily on business profitability and sustainability of the financial model developed by the Bank. Risk management was a special emphasis area.

The Bank’s liquidity position remained stable; as at 31 December, the liquidity ratio was 91.88 percent and significantly exceeded the minimum internal requirement of 60 percent. The Bank continued to maintain strong capital adequacy ratios: common equity tier 1 (CET1) ratio of 12.69 percent (12.47 percent) and total capital ratio of 17.60 percent (17.41 percent).

In 2015, the Bank’s operating income increased by 35.6 percent (35.3 percent) and reached EUR 19.78 (19.91) million.

The key ratios of the Bank’s balance sheet showed organic growth: the Bank’s assets grew by 3.7 percent (3.6 percent) to reach EUR 550.39 (549.97) million. The volume of customers’ funds (including assets under management, brokerage portfolio, debt securities issued, deposits, and subordinated deposits) increased by 7.5 percent to reach EUR 727.94 (727.92) million. The Bank continued to actively boost its securities portfolio; over the year, the investments increased by EUR 133.58 million or 138.3 percent.

On 31 July 2015, for the first time in its history, the Bank carried out the public issue of its own bonds. On 12 August 2015, the Bank’s bonds were for the first time admitted to official stock-exchange listing on Nasdaq Riga and quoted on the Nasdaq Baltic Bond List. In December 2015, the Bank successfully completed its Bond Offering Programme No 2 EUR 10 million worth.