Baltic International Bank: 1Q 2010 Performance Highlights
We announce successful financial results for the first quarter of 2010 - the bank has ended the period with profit.
The strong growth of the securities portfolio (22 mio lats as at March-end) is attributed to the bank’s encouraging trades in the securities market, coupled with our conservative allocation strategy. During 1Q 2010, the bank proactively invested in various sectors of the economy which aim at long-term development. Thus, the bank’s loan portfolio has grown to 44.5 mio lats.
As at 31 March 2010, the bank’s assets totalled 178.2 mio lats. Creating the optimal financial strategies specifically tailored to fit both personal and business needs of affluent families is still our main priority. The amount of deposits and the concluded trust agreements remains stable at high levels and totals 210.6 mio lats. In 1Q 2010, the array of our banking products has widened to include MasterCard Platinum card. Also, we offer our customers a broader range of opportunities to deal in financial instruments.
The bank’s top priority for the next period is to upgrade remote banking facilities and modernise communication platform to provide better service and convenience for our customers.