Trasta komercbanka shows highest profitability


On 31 March JSC "Trasta komercbanka" held a regular shareholders' meeting which
approved performance results of 2007. 

At their meeting JSC "Trasta komercbanka" shareholders approved financial
statements and report of the Bank management concerning its performance in
2007. Last year TKB audited profit amounted to 15.91 million lats, which by 57%
exceeded previous year's results. 
According to the decision made at the shareholders' meeting a profit share of
3.80 million LVL will be paid in dividends, but the larger part of the profit -
12.11 million lats will increase resources for future development of the Bank. 
In 2007 TKB continued active development of its service and structure. To
approach its clients, last year “Trasta komercbanka” launched branches in
Liepaja and Daugavpils. A new TKB representative office was opened abroad - in
Bulgaria, thus providing support to business and investments of its clients in
this region. In 2007 “Trasta komercbanka” prepared for its clients new
financial products: Art Banking - investments in the art market, and Investment
deposit, which offers additional options of saving and earning in the stock
market. 

"Trasta komercbanka" is one of the oldest private banks in Latvia, which is a
successful participant of the Latvian financial market having achieved
positions of a stable and highly profitable medium-sized credit institution.
Last year TKB maintained its leading position in the banking sphere of Latvia
according to performance ratios. In 2007 the capital return of "Trasta
komercbanka" (ROE) was 68.09% but return on assets (ROA) amounted to 5.43%. 


Julia Jurgele
JSC "Trasta komercbanka"
PR Specialist