JSC Pirma banka Management report

In the first half of this year a/s "Pirma Banka" earned a profit of LVL

450,000.  The  bank's  deposits  grew by 29.5% up to LVL 52.47 million,

loan portfolio increased by 42.6% up to LVL 69.111 million

JSC  Pirma  Banka  has not only exceeded planned profit for the first 6

months,  but  also  number  of  clients  is  increasing, growth of loan

portfolio and deposits are above industry average as well



 At  the  same  time  important  investments  in  order to increase the

presence  of  Pirma  Banka are made. During next two months Pirma Banka

will  open  two  new branches in the centre of Riga and already now the

Bank is looking for more.

That  means  -  Pirma Banka is actively working both in serving clients

and widening range of products, in order to be even more competitive on

the  market.  According  to the latest SKDS Market research Pirma Banka

reached  the  4th  position in terms of quality of products and serving

clients and Pirma Banka is going to grow further.