Rietumu Banka

Rietumu Banka
JSC
Industry Financial services
Founded 1992
Headquarters Riga, Latvia
Key people
Leonid Esterkin, Arkady Suharenko, Dermot Desmond
Increase €72,179 million
Total assets Increase €3,785,767 billion
Total equity Increase €432,841 million
Number of employees
769
Website www.rietumu.com

Rietumu Banka - JSC Rietumu Banka (Rietumu, Rietumu Bank) is a Latvian commercial bank that was established in 1992. It is one of the largest private banks in the Baltic States, specialising in corporate banking and affluent individuals. It is headquartered in Riga.

Operation

The Bank is well represented in the global market, providing a full range of financial services to customers who have business in Europe, the Baltic States, Russia, Ukraine, Belarus, and other regions. Apart from traditional banking services, such as crediting, financing trade operations, deposits and international payments, Rietumu Bank provides consulting services, brokerage services, asset management, consulting, and assistance in obtaining a residence permit in Latvia, as well as offering deluxe credit cards.

Apart from the headquarters in Riga, the bank’s representative offices operate in Moscow, Kiev, Minsk, Almaty, Bucharest and Yerevan. Remote banking is provided by means of internet banking, the home banking system, and the banking application for the iPhone. Services are provided in Latvian, Russian, English, French, German and Chinese.

Performance Indicators

In accordance with the audited financial report data for 2010, Rietumu Bank’s net profits in 2010 amounted to EUR 4.6 million and the profits for the Rietumu Group totalled EUR 9.7 million.

As of 31.12.2010, the total assets of Rietumu Bank total EUR 1.6 billion, while the credit portfolio amounts to EUR 763 million, the total client deposits have reached EUR 1.4 billion, and the capital and reserves equal EUR 196 million. The capital adequacy ratio is 17.8%.

The meeting of shareholders reached a decision by which the net profit gained would not be distributed, instead leaving it at the disposal of Rietumu.[1]

According to the audited financial statement for the year 2015, the net audited profit of the bank for the past year has reached EUR 72.2 million. The bank assets amount to EUR 3.8 billion, exceeding the corresponding figures as of 31.12.2014 for 8.9%. The volume of customer deposits has reached EUR 3.2 billion (+4%), equity and reserves have been increased for 34% to EUR 433 million.Capital adequacy ratio was 19.43%, return on equity after tax (ROE) – 19.09%, return on assets (ROA) – 1.99% 2015 Annual Report.

Asset Dynamics

Equity Capital Dynamics

Achievements and Awards

In 2004

In 2009

In 2015

Owners and Management

The shareholders of JSC Rietumu Bank are companies residents (Latvia): SIA "Esterkin Family Investments" with a share of 33.12% and SIA "Suharenko Family Investments" with a share of 17.34%; Boswell (International) Consulting Limited with 33.11%,[4] whose sole owner is a citizen of the Republic of Ireland, Dermot Desmond.[5][6][7]

The bank's management is provided by the shareholders, the Council and the Board.

The Council of Rietumu Bank:

The Board of Directors:

References

This article is issued from Wikipedia - version of the 9/8/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.