Continuing sustainable development of Baltic International Bank, shareholders of the bank increase the bank’s equity capital

News - October 25, 2016

Continuing sustainable development of Baltic International Bank, shareholders of the bank have increased the bank’s equity capital by two million euro, thus, the current bank’s equity capital has reached 31.5 million euro.

“Baltic International Bank has developed a new bank’s operational strategy focused on sustainable investments, and currently we are working intensively on creation of a range of new financial products and services, and we are preparing for positive changes together with our clients. Knowledge, experience and teamwork of the bank’s employees and the bank’s capital base are essential for the implementation of strategic goals. At the end of the second quarter of this year, the bank’s total capital ratio reached the highest level in the last 12 years, and I am satisfied that strengthening of the equity capital base provides us opportunities for additional development,” explained Ilona Guļčaka, Chairperson of Baltic International Bank.

Decision in favour of additional strengthening of the bank’s equity capital base was adopted by the general meeting of the shareholders of Baltic International Bank on 31 March 2016, and the paid-up equity capital was registered in the Register of Enterprises of the Republic of Latvia on Friday, 21 October.

At the end of June 2016, the total capital ratio of Baltic International Bank reached 18.4%. On 30 June 2016, the bank’s own funds accounted for 33.2 million euro.

Tier 1 capital ratio is 13.81%, while the total capital ratio reached 18.42%.

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