Rietumu Banka’s operating performance in nine months

The financial statement of Rietumu Banka and the Group for January–September 2025 has been published.

According to the statement, Rietumu Banka’s profit before enterprise income tax amounted to 17.7 million euros over the first nine months of the year, whereas the Group’s profit reached 29.3 million euros. 

As of 30.09.2025, the Bank’s assets were 1.4 billion euros, customer deposits were 956 million euros, while capital and reserves equalled 358 million euros. 

Rietumu Banka focuses on business lending in Latvia and the Baltics, supporting the clients from different industries. The bank’s total loan portfolio was 686 million euros as of 30 September 2025.

Rietumu Banka provides financing for many large-scale projects in the field of commercial and residential real estate. In Q3, the bank informed about granting additional loan of 11.4 million euros to Riga Retail Park. The loan is supposed for development of “Sāga” shopping centre in Riga. This was a second loan granted for this ambitious project, as Rietumu Banka has earlier provided the financing of 48 million euros. 

In autumn, Rietumu Banka has also announced a loan of 3.56 million euros granted to FRB company. The loan will be used for renovation of two historical buildings in the Latgale district of Riga. Provided financing will allow high-quality renovation to be made, which will have positive impact on this historical area in general.

The bank continues lending to ambitious projects in the manufacturing industry, trade, green energy, financial and other areas. 

The Chairman of the Executive Board / CEO of Rietumu Banka Jeļena Buraja said: “We are the only large local bank in Latvia that is comparable to international banks in terms of the scale of business. For clients, this means great opportunities of obtaining loans for implementation of truly large business projects. Our clients engage in building innovative factories, developing modern residential properties, constructing green power plants, renovating historical buildings, entering new promising export markets. We are both willing and able to support outstanding business ideas – those that shape the future and further the growth of Latvian economy.” 

Rietumu Banka continued supporting important projects in social and cultural sector. Those included a prominent exhibition Light from Italy: From Fattori to Morandi, which takes place at the Latvian National Museum of Art from 5 July to 30 November.

Rietumu Banka’s profitability ratios remain high, exceeding the required level, which evidences the efficiency and stability of operations. Return on equity (ROE) is equal to 5.33% and return on assets (ROA) – to 1.35%. The capital adequacy is 22.28%, and the liquidity coverage ratio is 275.82%, which is several times above the requirement set by the regulator (100%). 

The financial statement is published on our website.

 

About Rietumu Banka

Rietumu Bank is the largest bank with Latvian capital and one of the leading financial institutions in the Baltic region. The Bank’s activities are focused on serving large and medium-sized enterprises in Latvia, as well as in other Baltic and European countries, along with affluent private individuals.

Our clients represent industries such as green energy, food and consumer goods manufacturing, commercial and residential real estate development, construction, import and export operations, logistics, trade, financial services, technology, and others.