lv

Press Release of April 3, 2000

 

In accordance with the Law "On Credit Institutions", all banks had to submit their annual financial statements to the Bank of Latvia by March 31, 2000.

All working banks have turned in their financial statements by the due date. In the list below, they are ranked, in descending order, by the amount indicated under the balance item "Equity".


Ranking Bank Auditor of the 1999 Annual Report Equity
as at December 31, 1999 (in thousands of lats)

1 JSC Parekss-banka PricewaterhouseCoopers 37 929
2 JSC Latvijas Unibanka PricewaterhouseCoopers 37 020
3 JSC Hansabanka PricewaterhouseCoopers 18 039
4 JSC Vereinsbank Riga Arthur Andersen 12 300
5 State JSC Latvijas hipoteku un zemes banka PricewaterhouseCoopers 7 610
6 JSC Baltijas Tranzitu banka KPMG 6 826
7 JSC Rietumu banka PricewaterhouseCoopers 6 282
8 JSC Paritate Deloitte & Touche Tohmatsu International 5 790
9 JSC Saules banka Arthur Andersen 5 275
10 JSC commercial bank Ventspils Apvienota Baltijas Banka Deloitte & Touche Tohmatsu International 5 113
11 JSC Aizkraukles banka Arthur Andersen 4 562
12 JSC Pirma Latvijas komercbanka Deloitte & Touche Tohmatsu International 4 392
13 JSC Latvijas Krajbanka Arthur Andersen 4 083
14 JSC Maras banka Deloitte & Touche Tohmatsu International 4 001
15 JSC commercial bank VEF banka PricewaterhouseCoopers 3 601
16 JSC Ogres komercbanka Deloitte & Touche Tohmatsu International 3 527
17 JSC Latvijas Ekonomiska komercbanka Deloitte & Touche Tohmatsu International 3 507
18 JSC MeritaNordbanken Latvia Arthur Andersen 3 337
19 JSC Multibanka Deloitte & Touche Tohmatsu International 3 235
20 JSC Latvijas tirdzniecibas banka KPMG 3 088
21 JSC Trasta komercbanka Deloitte & Touche Tohmatsu International 2 619
22 JSC Baltijas Starptautiska banka Ernst & Young 2 109
23 JSC Latvijas Biznesa banka PricewaterhouseCoopers 2 051
24 Riga branch of Societe Generale Arthur Andersen *

* The French bank Societe Generale has terminated its activities in Latvia as of April 1, 2000.

Please note that under the balance item "Equity", are shown shareholder funds that have been invested in the bank's share capital and accrued or lost as a result of the bank's business activity.

For more detailed information on the business activity and financial position of a particular bank, please contact it directly and request its complete annual financial statements with the disclosure notes and auditors' opinion. The Law "On Credit Institutions" stipulates that banks must make their complete annual report available to any interested person not later than on April 1, and for a fee that does not exceed the copying cost. Banks are also required to publish a condensed version of their annual financial statements and the auditors' opinion in Government journal Latvijas Vestnesis not later than on May 1.