JSC Akciju komercbanka Baltikums Non-audited Financial Results as of October 31, 2008

In 10 months of 2008 JSC Akciju komercbanka Baltikums earned 3.6 million lats.
The bank continued to show stable gains in deposits attracted from corporate
clients - the basic target group of the bank. In October, the total amount of
attracted deposits increased 10.7 % (7.7 million lats) in comparison with
September.JSC Akciju komercbanka Baltikums non-audited financial results as of
October 
31, 2008: 

 Assets                                LVL 113,599,776 (EUR 161,637,919) 
 Loans                                   LVL 35,569,171 (EUR 50,610,371) 
• Incl. loans to households for acquisition of housing LVL 230,536   (EUR
328,023) 
• Incl. mortgage loans                          LVL 232,530 (EUR 330,860) 
 Deposits                               LVL 79,688,867 (EUR 113,387,042) 
• Incl. from households                     LVL 5,660,419 (EUR 8,054,051)
 Shareholders' equity                    LVL 18,856,988 (EUR 26,831,077) 
 Profit of the year                        LVL 3,576,249 (EUR 5,089,099) 
 Assets under management                 LVL 16,076,431 (EUR 22,874,700) 

The fixed exchange rate of the Bank of Latvia is 1 EUR=0.702804 LVL. 

Uldis Zandars
JSC Akciju komercbanka Baltikums
Deputy of Head of the Product Development and Marketing Department
Tel.: +371 67704672, +371 29206536
E-mail: uldis.zandars@bank.baltikums.com