Trasta komercbanka
Trasta komercbanka’s third quarter operating results
Trasta komercbanka 29.10.2010 16:17 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- As show the unaudited financial results of Trasta komercbanka (TKB), during the third quarter of 2010 the bank worked with a profit of 1.61 million lats. Owing to such performance during this period, the losses of previous quarters shrunk by 60% to 1,04 million lats on September 30. The amount of deposits during the third quarter of 2010 increased by 16% and reached 193.6 million lats. On September 30, TKB's loan portfolio was 94.9 million lats, which is 8% below the volume which TKB had at the beginning of the quarter. At the end of the quarter the capital and reserves of TKB amounted to 32.3 million lats, the bank's capital adequacy ratio was 14.95%. The bank's assets at the end of the third quarter reached 245.4 million lats in total, showing an increase of 16% compared to the beginning of the quarter. On September 30, liquidity of Trasta komercbanka was 70.82%. Trasta komercbanka is the oldest private bank in Latvia, having been successfully operating in the financial market of Latvia since 1989. TKB actively participates in the international markets by providing capital management and trade finance services. Along with its branches in Latvia, Trasta komercbanka has also a branch in Cyprus. Besides, the Bank's group is represented in Russia, Ukraine, Belarus, Kazakhstan, Tajikistan, Canada, and this year Azerbaijan will join to the group network of representative offices. Trasta komercbanka Financial report of Quarter 3, 2010 will be published till November 30, 2010. Julia Jurgele AS 'Trasta komercbanka' PR Specialist Tel. 67027785 News Source: NASDAQ OMX 29.10.2010 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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