Latvian bank Rietumu Banka has published its results for the first half of the year.

Profits before tax over the first half of the year amounted to 5.9 million euros and at the end of June, the bank’s assets totalled 1.4 billion euros. Customer deposits were 980 million euros, while capital and reserves equalled 349 million euros.

The bank said it had signed several large lending deals in the fields of innovative manufacturing, renewable energy, commercial and residential real estate, including a loan of 40 million euros to ASNS Ingredient, provided for building a pea protein isolate manufacturing plant in Jelgava and a loan of 4.9 million euros for building solar power plant “Lejas Dibeniņi” in Gulbene municipality.

The bank’s overall loan portfolio as of 30th June 2025 was 672 million euros.

The Chairman of the Board of Rietumu Banka Jeļena Buraja commented: “Our primary objective is to provide capital for business growth amidst changing economic environment… Our strategic goal is to further expand this area and support local businesses, thereby contributing to the overall growth of the country’s economy.”

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