LV: Bank of Latvia net profit up by 34% y/y in 2011.

By bne IntelliNews March 19, 2012
According to the audited financial statements of the Bank of Latvia, central bank posted net profit of LVL 32mn (EUR 45.5mn) in 2011, up by 34.4% y/y. Profit increase is attributed by the central bank to net interest income from Fx reserve investment. 65% of net profit or LVL 15.4mn is going to be transferred to government budget, the rest retained for Bank of Latvia reserves. Central bank posted net profit of LVL 74.4mn (EUR 105.8mn) in 2009, up by 39.2% y/y. In 2010 net profit declined by 68% y/y to LVL 23.8mn.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more

EE: Estonian Air to return excess Embraer airplanes.

Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more

Dismiss