Baltic Trust Bank                                              18.03.2005. 



BTB: “Baltic Trust Bank” (BTB) shareholders council meeting and AGM were held. 



Financial report for 2004 and net profit 2 562 306 LVL were approved. Shareholders 

decided to add BTB profit to profit of previous years. 



Shareholders approved budget and operations plan for 2005. BTB budget was drafted 

according to strategic development plan for 2004-2006. 



In 2005, net profit is planned more than 2.1 million LVL. BTB is planning that 

current deposits of private persons and companies will increase by 7%. 



Strategic goal for 2005 was set to increase of asset profitability – increase in 

credit portfolio and income, as well as increase of liquid assets profitability. 



Shareholders meeting decided to issue additional mortgage backed bonds up to 

10 million LVL with maturity up till 10 years. At the end of 2004 - beginning of 

2005, BTB successfully emitted first bond emission 3 million LVL and 3 million USD 

with maturity three and five years. International rating agency Moody’s Investor 

Services has awarded rating Ba2 for mortgage-backed bonds issued by the bank. 



As auditor of annual report 2005, BTB shareholders meeting approved international 

auditing company SIA “Deloitte & Touche Audits”. 



Chairman of the Board

Edgars Dubra