AS "Trasta komercbanka" repays the syndicated loan


On November 2008 "Trasta komercbanka" repaid the syndicated loan to seven
European banks in the amount of EUR 16 million. The loan was arranged by
Raiffeisen Zentralbank Osterreich AG in 2007. At present, "Trasta komercbanka"
does not have any outstanding syndicated loans. 

In the current economic situation a syndicated loan repayment is reputed as a
positive message, confirming bank abilities to plan its activities effectively,
to be maximally independent of externals and decisions of lenders about loans
renewal. 

Trasta Komercbanka is one of the oldest private banks of Latvia, which has been
successful in the Latvian financial market since 1989, taking stable and highly
profitable positions of a medium-sized credit institution. The Bank has
representative offices in Ukraine, Belarus, Kazakhstan, Canada, Bulgaria and a
foreign branch in Cyprus. By the end of Quarter 3 of 2008 TKB remained a leader
in the Latvian financial market according to the figures of its profitability.
Based on the data of the Association of Commercial Banks of Latvia, at the end
of September the return on equity (ROE) of Trasta Komercbanka was 31.81% which
is the best result among Latvian banks, but its return of assets (ROA) was
3.74%, which is the second best figure. 


Julija Jurgele
Deputy Head Public Relations
of JSC "Trasta komercbanka"