GE Money Bank
JSC “GE Money Bank” Q1 2011 financial report
GE Money Bank 31.05.2011 16:49 --------------------------------------------------------------------------- One of the main strategic goals this year as in previous year is ensuring Bank's security and stability to its customers. Therefore our focus still is high capital adequacy and liquidity, a healthy deposit base, effective risk management and cost reduction. Effective cost control measures were implemented and internal control mechanisms are continuing to improve. Total reserves on March 31, 2011 comprise 30% of total credit portfolio. Thus Bank completed 1st quarter 2011 with LVL 1,940 million of un-audited losses, which is approximately LVL 2,358 million less than in the same period of 2010. On March 31, 2011 the Bank's capital adequacy ratio was 13,85%. Kristine Circene Communications Project Manager GE Money Bank Latvia Ph.: +371 67029019 Mob.: +371 26490696 E-mail: kristine.circene@ge.com News Source: NASDAQ OMX 31.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: GE Money Bank Latvia Phone: Fax: E-mail: Internet: ISIN: LV0000800225 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden