Trasta komercbanka's first half-year performance results


JSC “Trasta komercbanka” (TKB) has concluded the first half of 2009 with LVL
2,14 million profit and according to unaudited data currently available at the
Association of Latvian Commercial Banks TKB takes the third position among the
most earning banks of Latvia. 

According to unaudited financial data of Trasta komercbanka for the first half
of 2009 the value of its assets at the end of June was equal to 208.62 million
lats, but the amount of attracted deposits was 138.49 million lats. The value
of loans issued by TKB from the beginning of the year until the end of June
amounted to 116.66 million lats. As of 30 June, the volume of Bank's capital
and reserves was 36.72 million lats. Despite the tight macro-economic situation
in the country, in the first half of 2009 the Bank worked with a profit of 2.14
million lats, which is regarded a successful performance. 

In the first half of 2009, Trasta komercbanka managed to maintain strong
profitability indicators - bank's return on equity (ROE) at the end of June
amounted to 11.89%, but return on assets (ROA) - 1.84%. As of 30 June 2009, TKB
capital adequacy ratio reached 16.19%, but liquidity ratio - 46.24%. 

Continuing its development and strengthening market positions in Central Asia,
this month Trasta komercbanka registered a representation office in the capital
city of Tajikistan Dushanbe. It is the second Bank's representation office in
this region. TKB representative office in Kazakhstan has been working since
2004. 


Agita Mūsiņa
PR Specialist
JSC "Trasta komercbanka"
Ph. +371 67027904