Baltikums Banka Has Redeemed Third Issue Bonds


Baltikums Banka has redeemed the third issue bonds. Previously, the Bank
successfully redeemed the first and second bond issues, as well as the first in
Latvia issue of credit-linked bonds. 

Baltikums Banka positions itself as a stable issuer whose bonds are attractive
for investors. 

Investors showed high interest in the Bank's issued bonds. Most investors
represented the Baltic States; ¾ of the issue volume were purchased by
institutional investors (pension and investment funds, banks, and insurance
companies) and ¼ - by private investors. 

The Bank directed the funds obtained from the bond issue to finance trade and
to finance and service shipping companies. 

Investors who purchased the Bank's bonds receive stable and regular income from
them. The Bank's bonds have stable business prospects in future improving the
Bank's competitive advantages in the chosen niches of Corporate Banking and
Private Banking. The financial results achieved by Baltikums Banka prove that
the Bank has been successfully implementing its potential in providing services
to companies and high net worth individuals. 

Baltikums Banka allows for possibilities of new bond issues in future depending
on the situation on financial markets and customer demand for financing
promising projects. 

Baltikums Banka non-audited financial results as of December 31, 2009:

	LVL	EUR
•	Assets	114,925,330	163,524,012
•	Loans:	30,996,284	44,103,739
o	Incl. to households for housing purchase	0	0
o	Incl. mortgage loans	13,800	19,636
•	Deposits:	81,108,131	115,406,473
o	Incl. by households	8,020,688	11,412,411
•	Own capital	24,593,889	34,993,951
•	Authorised capital	23,442,200	33,355,246
•	Profit in reporting year	1,033,379	1,470,366
•	Assets in management	5,751,690	8,183,918

The interest rate fixed by the Bank of Latvia is 1 EUR = 0.702804 LVL.
Baltikums Banka is a member of the Latvian banking group Baltikums Bankas Grupa
and by 100% belongs to Latvian companies - family holdings of the group's
shareholders. The objective of Baltikums Banka is to join leading independent
private banks in the European Union by providing modern and sought after
banking products, services and solutions aimed at facilitating business and at
keeping and growing wealth of our customers. 

Uldis Zandars
AS „Akciju komercbanka „Baltikums””
Deputy of Head of the Product Development and Marketing Department
Tel.: +371 67 031 408, +371 29 206 536
E-mail: uldis.zandars@baltikums.eu