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Latvia : CITADELE operated with EUR 5.7 million in profit

May 27, 2014

Citadele bank concluded the first quarter of 2014 with a profit of EUR 5.7 million, which is EUR 1.2 million more compared to the same period in 2013, informs LETA.

The Citadele group posted EUR 5.9 million in profit in the first quarter of 2014, which was bigger than anticipated. The group's loan portfolio continued to increase and reached EUR 1.07 billion, while the bank's loan portfolio increased by EUR 13.3 million to EUR 938 million during the first quarter. By the end of March 2014, the net assets of Citadele group reached EUR 2.6 billion, however, the bank's assets reached EUR 2.1 billion. In the first three months of 2014, Citadele has attracted more than 7,000 new clients in the Baltics.

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Source: TendersInfo (India)

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