Riga Stock Exchange                                                           03.02.2005



JSC NORD/LB Latvija reports 2004 non-audited financial results - supplemented



In 2004 NORD/LB Latvija assets have increased by 76.6%, to LVL 386.2 million. The Deposits 

have increased by 45.3%; the loan portfolio increase is 95.3%, up to LVL 308.7 million. In 

2004 the Bank has made a profit of LVL 3.4 million, which is 2.2 times more than in the previous 

year. 

In 2004 the Bank has founded two daughter companies - SIA NORD/LB Līzings and Ieguldījumu akciju 

sabiedrība NORD/LB Fondi (the latter is a joint venture with Seesam Life Latvia). 



In 2005 the Bank is planning to extend the network of branch offices (4-5 new), and to focus on 

developing settlement facilities and remote settlement (Internet Office). The bank will also focus 

on financing SMEs on favorable conditions, and to develop trade financing. It is expected that in 

2005 both the number of retail and corporate clients will increase by 20%. 



Currently the Bank is negotiating the raising of external funds EUR 60 million, tentatively, in 

February or March. Further information will be provided later.