In 10 months of 2008 JSC Akciju komercbanka Baltikums earned 3.6 million lats. The bank continued to show stable gains in deposits attracted from corporate customers – the basic target group of the bank. In October, the total amount of attracted deposits increased 10.7 % (7.7 million lats) in comparison with September.
JSC Akciju komercbanka Baltikums non-audited financial results as of October 31, 2008:

 Assets LVL 113,599,776 (EUR 161,637,919)
 Loans LVL 35,569,171 (EUR 50,610,371)
• Incl. loans to households for acquisition of housing LVL 230,536 (EUR 328,023)
• Incl. mortgage loans LVL 232,530 (EUR 330,860)
 Deposits LVL 79,688,867 (EUR 113,387,042)
• Incl. from households LVL 5,660,419 (EUR 8,054,051)
 Shareholders’ equity LVL 18,856,988 (EUR 26,831,077)
 Profit of the year LVL 3,576,249 (EUR 5,089,099)
 Assets under management LVL 16,076,431 (EUR 22,874,700)

The fixed exchange rate of the Bank of Latvia is 1 EUR=0.702804 LVL.

Uldis Zandars
JSC Akciju komercbanka Baltikums
Deputy of Head of the Product Development and Marketing Department
Tel.: +371 67704672, +371 29206536
E-mail: uldis.zandars@bank.baltikums.com