Baltic International Bank continued sound financial performance in the first quarter of 2017. At the end of March the operating income totalled EUR 5.96 million. The profit of the Bank at the end of the respective period amounted to EUR 2.14 million.

The assets reached EUR 272.7 million, and the loan portfolio of the Bank at the end of March reached EUR 85.9 million.

The liquidity ratios of the Bank  at the end of first quarter of 2017 exceed the regulatory thresholds. As of 31 March 2017, the liquidity ratio was 67.28 percent. The structure of liquid assets is well diversified, as represented by bonds (44 percent), due from credit institutions (21 percent), due from the Bank of Latvia (33 percent), and cash (2 percent). The liquidity coverage ratio (LCR)  totalled 324.86 percent. The Bank’s net stable funding ratio (NSFR) reached 129.60 percent. NSFR requires banks to maintain a stable funding profile in relation to the composition of their assets and off-balance sheet activities.

As of 31 March 2017, the Bank’s own funds totalled EUR 33.46 million. The Bank's Tier I capital ratio (CETI) totalled 11.51 percent. Having reached 14.77 percent, the total capital ratio exceeds the individual ratio, as set by the Financial and Capital Market Commission, by 4.57 percentage points. By the end of 1Q 2017, the leverage ratio was 9.62 percent.

         Teika Lapsa
         Head of Marketing and Communication Department
         Phone: (+371) 6 7000 444
         Email: teika.lapsa@bib.eu