“Trasta komercbanka” has doubled the profit and increased its share capital

17.02.2005

 

JSC “Trasta komercbanka” has ended the first month of the year with a profit of 205 000 LVL. It is twice as much as the profit was in the same period a year ago. The credit portfolio of Trasta komercbanka in January, 2005 increased by 5% and amounted to 13.8 million lats. By January 31 the volume of the Bank’s capital and reserves went up to 7.26 million LVL, showing a growth of 24%. The amount of deposit in January increased by 47% and reached 106.51 million lats at the end of the month. The volume of the Bank’s assets amounted to 118, 36 million lats which is by 45% more than at the end of 2004. 

In January 10th issue of Trasta komercbanka’s shares was successfully completed. As a result the share capital of the Bank increased by 1.2 million lats. On 4 February 2005 the Bank’s new paid up capital in the amount of 5.54 million lats was registered in the Register of Enterprises of LR. The issue of Trasta komercbanka’s shares was effected in order to further the Bank’s development and create new resources for extension of its operation.

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