OREANDA-NEWS. September 12, 2011. Trasta komercbanka concluded the first half of 2011 with a profit of LVL 0.74 million.  As of 30 June, Bank assets amounted to LVL 230.8 million, which is by LVL 12 million more than the final figure of 2010. As at the end of the reporting period the amount of attracted deposits reached LVL 172.9 million, but the Bank's loan portfolio amounted to LVL 89.6 million. In the first half of 2011, the number of Bank customers increased by 8 %, reported the press-centre of Trasta Komercbanka.  

On 30 June 2011, Trasta komercbanka completed its capital increase through share issue. As a result of the share issue the Bank’s capital increased by LVL 7.46 million and as of the end of the reporting period amounted to LVL 14.51 million. The Bank's capital and reserves as of 30 June 2011 amounted to LVL 37.19 million. Liquidity of Trasta komercbanka as at the end of the reporting period was 64.05%.

In the first half of 2011, the development of Trasta komercbanka’s correspondent banking network provided an opportunity to offer its customers remittances in Chinese Yuan. The Bank's successful cooperation with its correspondent banks, and its clean reputation among foreign partners resulted once again in being granted the annual Deutsche Bank Award for excellent quality of international payments in the previous year.

Continuing to expand its presence in new regions of the world, Trasta komercbanka opened a representative office in the People’s Republic of China, and became the first Eastern-European bank represented in Hong Kong. The Bank is planning to support business deals and partnership development in this promising region.

The Bank’s group is represented also in Russia, Ukraine, Belarus, Kazakhstan, Tajikistan and Azerbaijan. Along with its branches in Latvia, Trasta komercbanka has also a branch in Cyprus.