With  the  account  of the rapid growth rate of JSC "Pirmā banka", the

bank  management  has  raised  the  profit forecast for 2002 to LVL 1.5

million,  which is nearly 60% over the forecast at the beginning of the

year.  Operational  revenues have increased due to increase in business

done;  also,  securities  business  has  generated  considerable  extra

revenues.  The  profit  (after  the  required  general  provisions) has

reached LVL 1,133,500 in the first seven months of the year.

In  the  first  eight months of the year the deposits have increased by

51%  and  amount  to  LVL  58  million,  while  the  loan portfolio has

increased  by  56%  - to LVL 75.8 million. "Pirmā banka" assets are LVL

119 million.

Simultaneously,  the  Bank  is modernising and upgrading its branch and

settlement office network. Two new branch offices were opened in August

and  September; a centre for mortgage lending will be opened on October

10.

JSC "Pirmā banka"

PR Manager Ingrīda Allika

Phone: + 371 7015395, 6540916