OREANDA-NEWS. August 20, 2007. Net profit of Rietumu Bank for the seven months of 2007 accounted for LVL 21,8 m. (EUR 31 m), increasing by half as compared to the corresponding period of 2006. In July the Bank earned LVL 3,7 m (EUR 5,3 m), reported the press-centre of Rietumu Bank.

The Bank’s assets excluding assets under management went up 30% coming to LVL 994 m (EUR 1,4 bn) compared to the data as of July 31, 2006. The Bank’s assets including assets under management enjoyed a 40% growth amounting to LVL 1,2 bn (EUR 1,7 bn).

The volume of the Bank’s loan portfolio increased by 61% versus July 2006 reaching LVL 537 m (EUR 764 m). Customers’ deposits amounted to LVL 703 m (EUR 1 bn), representing a 17% growth.

The shareholders’ equity - LVL 108 m (EUR 154 m).