Trasta komercbanka
Trasta komercbanka has released its half year results
Trasta komercbanka 02.09.2011 17:00 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- The first half of 2011 Trasta komercbanka (TKB) marked with profit-making, share capital increase and expansion in Asia. Trasta komercbanka concluded the first half of 2011 with a profit of LVL 0.74 million. As of 30 June, Bank assets amounted to LVL 230.8 million, which is by LVL 12 million more than the final figure of 2010. As at the end of the reporting period the amount of attracted deposits reached LVL 172.9 million, but the Bank's loan portfolio amounted to LVL 89.6 million. In the first half of 2011, the number of Bank customers increased by 8 %. On 30 June 2011, Trasta komercbanka completed its capital increase through share issue. As a result of the share issue the Bank's capital increased by LVL 7.46 million and as of the end of the reporting period amounted to LVL 14.51 million. The Bank's capital and reserves as of 30 June 2011 amounted to LVL 37.19 million. Liquidity of Trasta komercbanka as at the end of the reporting period was 64.05%. In the first half of 2011, the development of Trasta komercbanka's correspondent banking network provided an opportunity to offer its customers remittances in Chinese Yuan. The Bank's successful cooperation with its correspondent banks, and its clean reputation among foreign partners resulted once again in being granted the annual Deutsche Bank Award for excellent quality of international payments in the previous year. Continuing to expand its presence in new regions of the world, Trasta komercbanka opened a representative office in the People's Republic of China, and became the first Eastern-European bank represented in Hong Kong. The Bank is planning to support business deals and partnership development in this promising region. Bank's group is represented also in Russia, Ukraine, Belarus, Kazakhstan, Tajikistan and Azerbaijan. Along with its branches in Latvia, Trasta komercbanka has also a branch in Cyprus. Julija Jurgele JSC Trasta komercbanka PR Specialist News Source: NASDAQ OMX 02.09.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Trasta komercbanka Latvia Phone: Fax: E-mail: Internet: ISIN: LV0000800415 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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