OREANDA-NEWS. September 06, 2010. In the first half of 2010 Trasta komercbanka worked actively on developing its services and continuing research of new markets in order to expand Bank's presence in different regions of the world, reported the press-centre TKB.

Despite the fact that in the previous period and during the reporting period the Bank was forced to make provisions for bad loans, it maintained a sufficient level of equity and reserves, which on June 30, 2010 amounted to 30.7 million lats, and a high level of capital adequacy at a rate of 15.03%. The Bank's liquidity as at the end of the reporting period was 51.87%, which is well above the required standard and fully enough to secure fulfilment of Bank's current commitments.

In the first half of 2010, the volume of retail deposits with the Bank increased by 40.7% and reached 34.2 million lats. The volume legal entities’ deposits shrank due to the increased demand of companies for working capital. This year the Bank experienced a sustainable growth in the number of customers. As at the end of the reporting period the amount of attracted deposits reached 166.8 million lats. During the first half of 2010, the number of customers of the Bank increased by 5%.
 
While adhering to the principle of prudence in lending, the primary direction of the Bank's lending policy remains supporting of business. Besides, the Bank supports its clients experiencing economic difficulties by restructuring their credit arrangements. On June 30, 2010, the amount of loans issued to enterprises amounted to 81% of the total Bank’s loan portfolio, which increased by 4.7% during the reporting period.

The provisions of Trasta Komercbanka for bad loans within 6 months of 2010 increased by 14.4% or 2.1 million lats, reaching 16.9 million lats or 14.1% of the Bank's total loan portfolio. Compared with the first half of 2009, the provisions in 2010 have decreased more than twice. Bank's losses after the provisions and taxes in the first half of 2010 reached 2.7 million lats. The Bank intends to cover these losses in the near future by implementing its policy. It should be noted that owing to prudent dividend payment policy of previous years the Bank has accumulated retained earnings in the amount of 19.7 million lats.

The team of professionals of the Bank makes a firm basis for development and sustainability of Trasta komercbanka. For this reason the Bank did not apply staff reduction as a tool for optimization of its operating expenses. Having paid special attention to improving of its operational efficiency and maintaining its professional staff resources, the Bank is ready for service development and further strengthening of its competitiveness in the market. In the second half of 2010 the Bank is planning to continue development of its service, highlighting support of export, educating its customers in sphere of business activities and continuing to work in order to penetrate new markets.