JSC “GE Money Bank” un-audited preliminary financial results 2nd quarter 2010

As the Bank informed before, the strategic direction of the Bank during 2010 is
to continue to manage through the current economic cycle thus ensuring the
Bank's security and stability. 
Therefore, our focus is high capital adequacy and liquidity, efficient risk
management, and cost efficiency, that would position the Bank well for the
period when the economic situation stabilizes and market begins to grow again. 

Considering these goals, during the 2nd quarter of 2010 the Bank continued to
apply a rigorous approach to risk assessment, to implement effective cost
control measures and to maintain high liquidity. Total reserves on June 30th,
2010 comprise 23.82% of the total credit portfolio. The Bank completed the 2nd
quarter of 2010 with LVL 10.8 million of un-audited losses. 

On June 30th, 2010 the Bank's capital adequacy ratio was 11.28%, exceeded the
requirement established by the Capital and Financial Market Commission
(hereinafter - FCMC) of 8%, while the liquidity ratio was 93.84%, which was
more FCMC requirement of 30%. 

In June, 2010 shareholder extraordinary meeting resolved to increase Bank's
share capital and to change statutes. 


Additional information
Tija Ezeriņa
Head of Communication division
GE Money Bank Latvia

Ph.: +371 7024706
Mob.: +371 27876080
E-mail: tija.ezerina@ge.com