Baltic International Bank: highlights of performance over the first eight months of 2009
The bank has summarised its financial results as at 31 August 2009. At the end of August, the bank’s total assets amounted to LVL 237.5 million, a 38.5 percent (or LVL 66 million) increase from the previous month.
In August, the bank continued its proactive policy directed towards acquiring new deposits while continually elevating the quality of its services and offering customized solutions specifically tailored to preserve and protect private wealth. A positive growth trend witnessed during the first half of 2009 continued into the second half of the year: total deposits in August rose by LVL 29.6 million (up 22.7 percent) to reach LVL 160.4 million at the end of the month.
The bank has invested a portion of temporarily idle funds in fixed income securities. Thus, overall investments in securities totalled LVL 12.9 million as at 31 August. The bank continues maintaining a high-level liquidity ratio above 70 percent, significantly higher than the 30 percent regulatory threshold set forth by the Financial and Capital Market Commission.