Norvik Banka evaluates positively its performance in 2014

09/01/2015 10:15

Norvik Banka’s majority shareholder and management are pleased with the operating results of 2014 and confident that the Bank’s development strategy pays off.

The Bank has maintained leading position in terms of the number of customer service centres and geographical coverage by offering to the Latvian citizens convenient and complete service at 7 branches and 67 service centres close, to the extent possible, to the customers’ home or work.

In 2014 the Bank resumed financing of the corporate business – the amount of corporate loans issued within a year reached 93.1 M EUR, thus increasing the value of the loan portfolio by 18.5%.

According to the data of the Association of Commercial Banks of Latvia, by the end of 2014 more than 86.5 thousand of active customers were serviced at Norvik Banka, and this indicator allowed the Bank moving to fifth place in the industry. By the end of 2014 the Bank’s assets reached 996.4 M EUR – owing to the increase of capital base by 19% or 139.5 M EUR and attraction of additional capital from a shareholder in the amount of 69.6 M EUR, during the year the Bank’s assets increased by 26% or 203.5 M EUR.

The Bank’s capital adequacy rate reached 15.19% by the end of the year, which is far higher than 10.76% as it was in the previous year. The liquidity rate of the Bank reached 58.75%, which exceeded the same rate by the end of the previous year, i.e. 55.38%.

More information about Norvik Banka’s performance in 2014.

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