Baltic International Bank continues its successful development during the 3rd quarter of 2016
The operating income of Baltic International Bank at the end of September, 2016 reached 21.7 million euro, having demonstrated a 46% growth over the same period of the last year.
The positive dynamics of income growth was primarily facilitated by trade transactions whose income increased by 5.8 million euro, as well as a one-time gain on sale of Visa Europe Ltd shares amounting to 2.8 million euro. The income gained from brokerage operations grew by 39% and income from account service fees rose by 14% in the respective period. The profit of the Bank reached 3.6 million euro by the end of September, 2016.
The assets of Baltic International Bank reached 344 million euro at the end of September, 2016, and assets under management amounted to 98 million euro.
The liquidity ratios of the Bank exceeded the regulatory thresholds – at the end of September 2016 the liquidity ratio was 78.6% (the minimum internal threshold is 60%). The liquidity coverage ratio (LCR) reached 508.13 percent, which is significantly higher than the regulatory threshold of 70 percent for 2016. The Bank’s net stable funding ratio (NSFR) reached 197.59 percent, and it is far higher than the regulatory threshold. Banks will have to meet an NSFR of at least 100 percent in early 2018.
As of 30 September 2016, the Bank’s own funds amounted to 33.2 million euro. Tier 1 capital ratio (CET1) reached 13.8%. The total capital ratio reached 18.2%. By the end of 3Q 2016, the leverage ratio hit new records and was 7.4%.