Audited* profit of Latvijas Unibanka (the Group) in the first six

months  of  2002  was  5.409  million lats. Compared with the first six

months  of 2001, when the Bank's profit was 5.312 million lats, in 2002

the  Bank  reported  a  2%  rise.  In  the reporting period the Group's

operating  income  reached 19.816 million lats, which is 12.7% or 2.226

million  lats  up  from  the result a year before. Return on assets and

return on equity are accordingly 1.7% and 18.5%.

     President  of  Unibanka Andris Bērziņš, "We are satisfied with our

financial  achievements.  Growth  of  the key business indicators gives

evidence  of  the  Bank's  dynamic  upswing.  In this period we resumed

activities  in  the  public  securities  market  and  completed several

information technologies projects. Several significant customer-related

projects and implementation of new services are underway."

     Over  the  six  months  the Group's deposit portfolio had grown to

394.011  million  lats  as at June 30 and was up by 61.761 million lats

(+18.6%) compared with the end of the passed year.

     In the accounting period the Group solidified its leading position

in  the  lending market - the volume of the disbursed loans enlarged by

70.408  million lats or 16.1% and was 507.990 (net) million lats at the

close  of  the period. In the same period the gross loan portfolio grew

by  16%  and reached 518.2 million lats as at June 30. The total volume

of  the  issued  loans  guarantees  the Bank 28% of the overall lending

market in Latvia.

     In  the  six  months  of  the year the Group's assets increased by

101.916  million  lats and stood at 693.252 million lats as at June 30,

by 17.2% exceeding the volume as at December 31 2001. At the end of the

accounting  period  the  Group's  capital  and  reserves reached 61.664

million lats.

*   Unibanka's  interim  financial  statements were audited by auditors

Pricewaterhause Coopers

Haralds Burkovskis, Head of the Public Relations Department - 7215 601,

9411 630

<a href='http://www.unibanka.lv' target='_blank'>http://www.unibanka.lv</a>