Performance Results of TKB in 2009



On 26 March 2010 the meeting of shareholders of Trasta Komercbanka approved the performance results of the bank in 2009.

At the general meeting the shareholders of Trasta komercbanka approved the financial statements of 2009, auditors’ report and the report of the Board and Council on the performance results of the bank.

The volume of Bank's assets as of 31 December 2009 amounted to 267 million lats, which is by 50 million more as compared to the closing reading of 2008. By the end of 2009 the amount of attracted deposits reached 221 million lats, having increased during the year by 61 million lats, but the Bank’s loan portfolio was 99 million lats. The Bank ended 2009 with a loss of 1.97 million lats, which was a result of making provisions for loans. The Bank's operating income before provisions and taxes in 2009 amounted to 8.3 million lats.

In 2009 Trasta komercbanka celebrated its 20th anniversary and the bank is determined to further continue its development and support its customers in Latvia and abroad. In 2010, the bank will continue to develop the services of special importance to its customers: the Private Banking facility serves for safe management of customers’ capital, but solutions of trade finance, including international factoring, offered by the bank, provide support to Latvian entrepreneurs in export development.    

The audit firm „Ernst&Young Baltic” was elected for auditing the financial statements of Trasta komercbanka for 2010.

Julia Jurgele 
Public Relations Specialist


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