JSC  NORD/LB  Latvija  has  demonstrated  a rapid growth in the first 8

months of 2003. The assets have increased by 19%, to LVL 171.4 million;

the  loan  portfolio  -  by 39%, to LVL 123 million; deposit value - by

12%,  to  LVL 71.6 million. The number of Bank clients has increased by

19.7%:  the  number  of  retail  clients  by 21%, whereas the number of

corporate clients by 3.8%.



 Currently  the Bank has 19 branch offices and 19 settlement offices in

Riga and the larges cities of Latvia; the last branch office was opened

on September 10 in Riga, 2 Mārupes Street.