Last year “Trasta komercbanka” managed to more than double its profit and achieve successful performance results.
According to non-audited financial results of the Bank for 2006, the profit earned by TKB last year was LVL 9.99 million, which is 2.3 times more compared to year 2005 when the Bank made a profit of LVL 4.39 million.
In 2006 the volume of Bank transactions continued to grow. The credit portfolio of “Trasta komercbanka” increased by 65% amounting to LVL 45.11 million. The Bank’s capital and reserves grew by 87% over the previous year and reached LVL 19.52 million. The volume of deposits with the Bank rose by 40% and totaled LVL 225.32 million at the end of 2006. The aggregate volume of “Trasta komercbanka” assets reached LVL 265 million, increasing by 37%.
The Chairman of the Board Gundars Grieze made the following comments on achievements of the Bank: "Last year was a period of significant and sustainable growth when the Bank continued to expand its geography of financial services and increase the range of deposits and investment facilities. This year we are also planning to further develop international financial products to improve business potentials of our clients."