The financial statement of Rietumu Banka and the Group for January–June 2025 has been published.
According to the statement, Rietumu Banka’s profit before enterprise income tax over the first half of the year amounted to 5.9 million euros. As of 30.06.2025, the bank’s assets were 1.4 billion euros, customer deposits were 980 million euros, while capital and reserves equalled 349 million euros.
During the first half of the year, several important projects have been implemented, as support to Latvian enterprises and their growth is continued. The bank has informed about several large lending deals in the fields of innovative manufacturing, renewable energy, commercial and residential real estate.
Those included a loan of 40 million euros to ASNS Ingredient, provided for building a pea protein isolate manufacturing plant in Jelgava. The new factory will be one of the most modern ones in Europe, producing an alternative to animal protein that has considerable significant export potential.
The bank granted a loan of 4.9 million euros for building solar power plant “Lejas Dibeniņi” in Gulbene municipality, a loan of 3.2 million euros for new “Rimi” store in Riga, and a loan of 6.5 million euros for renovation of prominent Jugendstil building in Latvian capital centre, as well as provided support to other business initiatives. The bank’s overall loan portfolio as of 30 June 2025 was 672 million euros.
The Chairman of the Board of Rietumu Banka Jeļena Buraja noted: “Our primary objective is to provide capital for business growth amidst changing economic environment. For success, mutual understanding and dialogue between the bank and the client often prove decisive: through this process, we carefully study each project, assess its specific features, and provide the necessary support. This approach enables us to find solutions for financing large-scale and complex deals, the number of which grows as our Latvian client base expands. Our strategic goal is to further expand this area and support local businesses, thereby contributing to the overall growth of the country’s economy."
Rietumu Banka’s
profitability ratios remain high, evidencing stability and efficiency: return
on equity (ROE) is equal to 2.79% and return on assets (ROA) – to 0.71%. The
liquidity coverage ratio is 286.90%, which is several times above the
requirement set by the regulator (100%).
The financial statement is published on our website.
Please note that starting from 4 June interest rates on 1-month term deposits in euro will be changed.