Latvijas Krājbanka                                                28.10.2005



In the twelve months of this year, JSC Latvijas Krājbanka has worked with a profit of 

2.019 million lats, which is 3.1 times more than in the respective period last year. 



The amount of gross assets of Krājbanka was 228.15 million lats at 30 September 

this year, which is by 5.5% more than at the end of the year 2004 and by 16.6 % 

more than at 30 September 2004. At 30 September 2005, the assets of JSC Latvijas 

Krājbanka were equal to 2.3% of the Latvian banking sector’s total assets. 



The amount of loans issued by JSC Latvijas Krājbanka was 147.535 million lats as at 

the end of September 2005. The credit portfolio of the Bank has grown by 18.6% as 

compared with the beginning of the year. At 30 September 2005, the loans issued by 

Krājbanka were equal to 2.4% of the Latvian banking sector’s total issued loans. 



As at 30 September of this year, JSC Latvijas Krājbanka had attracted 183.958 million 

lats in deposits, which is by 16.4% more than at 31 December 2004. At 30 September 

2005, the deposits attracted by the Bank were equal to 3.2% of the total amount of 

deposits in Latvian banks.



As at the end of September this year, the capital and reserves of JSC Latvijas 

Krājbanka were 15.012 million lats, which is by 16.1% more than at the beginning of 

the year. 



As at the end of September, JSC Latvijas Krājbanka was the 11th largest Latvian bank 

according to the amount of its assets. Its largest shareholder is the Lithuanian bank 

Snoras (83.01%). 



As it was reported earlier, a detailed financial report for the 9 months in 2005 will 

be published in the 48th week of 2005.



Prepared by Dace Drabovica

Latvijas Krājbanka Public Relations and Advertising Department Manager

Phone: 7092043

e-mail: dace.drabovica@lkb.lv