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November 25, 2015 2:52 AM ET


Company Overview of AS Latvijas Pasta Banka

Company Overview

AS Latvijas Pasta Banka provides banking products and services for private and corporate customers in Latvia, EU member states, and internationally. The company accepts various deposits products; and offers loan products that include consumer credits and mortgage loans, credit lines, overdrafts, and bank guarantees, as well as loans for financing current assets. It also provides current accounts, money transfers, various payment cards, import and export letters of credit, and documentary encashment services. In addition, the company offers Internet and phone banking services; payment services; cash and exchange market operations; securities and foreign exchange transactions; and investment s...

Brivibas iela 54

Riga,  1011


Founded in 2008

159 Employees


371 67 772 999

Key Executives for AS Latvijas Pasta Banka

Chairman of the Board
Board Member
Board Member
Compensation as of Fiscal Year 2015.

AS Latvijas Pasta Banka Key Developments

Latvijas Pasta Banka Reports Earnings Results for the First Nine Months Ended September 2015

Latvijas Pasta Banka reported earnings results for the first nine months ended September 2015. For the period, the bank earned EUR 3.399 million in profit, which is a growth four times compared to the respective period last year. In the first nine months of 2014, the bank earned EUR 854,000 in profit.

AS Latvijas Pasta Banka Announces Audited Consolidated Earnings Results for the Six Months Ended June 30, 2015

AS Latvijas Pasta Banka announced audited consolidated earnings results for the six months ended June 30, 2015. For the six months, the company announced interest income of EUR 2,454,000 compared to EUR 1,826,000 for the same period a year ago. Net interest income was EUR 2,105,000 compared to EUR 1,541,000 for the same period a year ago. Operating income was EUR 5,702,000 compared to EUR 2,539,000 for the same period a year ago. Profit before tax was EUR 2,339,000 compared to EUR 267,000 for the same period a year ago. Profit attributable to the owners of the bank was EUR 2,109,000 compared to EUR 230,000 for the same period a year ago. Earnings per share was EUR 0.176 compared to EUR 0.037 for the same period a year ago. Change in cash and cash equivalents from operating activities was EUR 2,026,000 compared to EUR 1,629,000 for the same period a year ago. Purchase of property, plant and equipment was EUR 104,000 compared to EUR 45,000 for the same period a year ago. Profit growth is mainly attributable to successful card acquiring operations, which is one of the priority directions of the Bank's activities.

Latvijas Pasta Banka Reports Earnings Results for the First Quarter Ended March 2015

Latvijas Pasta Banka earned EUR 1.139 million in profit for the first quarter ended March 2015, which is a growth several times compared to the respective period last year. In the first quarter of 2014, the bank earned EUR 11,000 in profit.

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