Trasta komercbanka
Moody`s affirms Trasta komercbanka`s ratings
Trasta komercbanka 21.10.2010 09:13 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Moody's Investors Service, the international rating agency, has reviewed the ratings assigned to Trasta komercbanka JSC and has retained them at the previous level. The financial strength rating of Trasta komercbanka after the review remains at the same level: E+. The bank rating for long-term deposits in local and foreign currencies remains unchanged too: at B3. The bank rating for short-term liabilities in local and foreign currencies also remains unchanged, at the 'Not Prime' level. Rating forecasts have also been preserved at the previous level. Trasta komercbanka is the oldest privately owned bank in Latvia, which has been operating on the Latvian financial market since 1989. On 30 September this year, the Bank capital adequacy rate was at a high level: 14.95%, and the liquidity ratio was 70.82%. Trasta komercbanka operates actively on the international market, providing capital management and trade operations support services. In addition to its branches in Latvia (in the cities of Liepaja and Daugavpils), Trasta komercbanka has a branch operating in Cyprus, as well as representative offices in Ukraine, Belorussia, Kazakhstan, Tajikistan, and Canada. The Moody's rating was first assigned to Trasta komercbanka in 2008. Currently international ratings have been assigned to 7 banks out of 21, and to 7 branches of foreign banks. Julia Jurgele PR Specialist, Trasta komercbanka JSC News Source: NASDAQ OMX 21.10.2010 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: Trasta komercbanka Latvia Phone: Fax: E-mail: Internet: ISIN: LV0000800415 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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