Moody`s assigns rating to Trasta komercbanka


For the first time the international rating agency "Moody`s Investors Service"
has assigned a financial stability rating as well long-term deposit and
short-term deposit ratings to JSC "Trasta komercbanka" (TKB). 

"Moody`s Investors Service" as assigned E+Bank financial strength rating
(BFSR), to Trasta komercbanka as well as B2 long-term and Not-Prime short-term
local and foreign currency deposit ratings. The outlooks on all ratings are
“stable”. According to Moody`s report the strong points of TKB are
profitability, high capital adequacy and performance efficiency. 

In this connection Gundars Grieze, Chairman of the Board of Trasta komercbanka
has made the following commentary: "We are satisfied to have our bank added to
the list of Latvian banks which have already received international ratings. We
made a decision to require a rating despite the instability of the economic
situation in Latvia and worldwide, which could affect the process of rating
assignment. We consider that the assignment of Moody`s rating is an important
step in the bank's development and entrance to the international market, and we
are planning to continue strengthening of our market positions.” 

"Trasta komercbanka" is one of the oldest private banks in Latvia, which is a
successful participant of the Latvian financial market having achieved
positions of a stable and highly profitable medium-sized credit institution.
Last year TKB maintained its leading position in the banking sphere of Latvia
according to performance ratios. In 2007 the capital return of "Trasta
komercbanka" (ROE) was 68.09% but return on assets (ROA) amounted to 5.43%.
Besides its Latvian branches (in Liepaja un Daugavpils), Trasta komercbanka has
a branch in Cyprus and representative offices in Ukraine, Belarus, Kazakhstan,
Canada un Bulgaria. 

Julia Jurgele
JSC "Trasta komercbanka"
Deputy Head of PR