According to the financial statements for 3 quarters of 2008, JSC Trasta
Komercbanka (TKB) concluded the 9-month period of 2008 with a profit of LVL
7.95 million. Assets of the Bank on 30 September 2008 were equal to LVL 252.36
million, capital and reserves - LVL 35.47 million. The amount of attracted
deposits with Trasta Komercbanka on 30 September 2008 reached LVL 180.56
million, but the volume of loans issued by TKB was LVL 123.64 million.
In third quarter Trasta Komercbanka attracted the subordinated liabilities in
the amount of 3.90 million LVL (2.88 million EUR and 3.86 million USD), in such
a way increasing stockholders' equity by 14%. Next, in October the Bank
increased stockholders' equity by 22% by including in equity the first
half-year income in amount of LVL 6.86 million. The capital adequacy ratio of
Trasta komercbanka after increase of stockholders' equity reached 16.8%.
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.
Annex: JSC Trasta Komercbanka 3 quarters report.
Julija Jurgele
Deputy Head of Public Relations
JSC Trasta komercbanka
Tel.+371 67027785
