Continuing its sustainable development, Baltic International Bank strengthens its capital base

News - May 27, 2016

On 31 March 2016, the general meeting of the shareholders of Baltic International Bank decided to strengthen additionally its capital base by increasing it by 2 million euro, and on May 25 the increase of the share capital was registered with the Register of Enterprises of the Republic of Latvia.

Thus, subscribed share capital of the Baltic International Bank currently amounts to 31.5 million euro, while the paid-up share capital amounts to 30.5 million euro.

On 31 March 2016, equity capital of the Baltic International Bank amounted to 32.07 million euro, which complies with both the Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No. 648/2012 and the individual level stated by FCMC.

Tier 1 capital ratio is 13.47%, while the total capital ratio amounted to 17.69%.

During the first quarter of the year, liquidity ratios of the Baltic International Bank stayed at the record high levels - at the end of the quarter the liquidity ratio of the Bank reached 91%, which by 1.5 times exceeded the minimum internal standard value of 60%. The liquidity coverage ratio exceeded the mark of 600%, reaching 615% (614%) (the standard value is 70% for the period from 01.01.2016. to 31.12.2016.)

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