Extension of the deadline for publishing audited financial statements

News - April 8, 2019

JSC “Baltic International Bank” (Bank) will publish its audited 2018 Financial Statements until the 15th May 2019, later than the applicable statutory deadline (31 March).

The Bank’s shareholders decided to change the statutory auditor in order to implement the European Central Bank’s guidelines and to comply with the highest international standards. Bank has chosen SIA “BDO Assurance” (BDO) to audit Bank’s 2018 Financial Statements. In view of the deadline set by the auditors, Bank has undertaken to make public its audited financial statements until the 15th May 2019.

The Bank’s Management Board has informed the Financial and Capital Market Commission (a financial regulatory authority in the Republic of Latvia) and the Bank’s shareholders about its decision and the new deadline for publishing the audited financial statements. On 28 February 2019, Bank published its unaudited financials on Bank’s website. In practice, unaudited financial statements show, more or less, the same financial data as audited ones. Therefore, currently it is possible to get a rough picture of the Bank’s performance during the previous year.

Unaudited financial data are available here.

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