September 20, 2014 10:04 PM ET


Company Overview of AS DNB banka

Company Overview

AS DNB banka provides banking and financial services to individual, small and medium enterprise, and corporate customers in the Republic of Latvia. The company offers various deposit products, including term and overnight deposits, as well as deposits with longer maturity; savings accounts; and open term deposits. Its loans portfolio comprises home loans; loans for the purchase of land and building homes; loans for renovation and improvements of homes, as well as renovation of apartment buildings; loans for the purchase of household equipment, payment for medical services, purchase of a car, travel, tuition fees, etc.; and loans for launching or developing a business. The company also offers...

Skanstes Street 12

Riga,  1013


Founded in 1989

855 Employees


371 67 17 1880


371 782 0080

Key Executives for AS DNB banka

Chairman of Management Board and Chief Executive Officer
Chief Financial Officer
Chief Risk Officer
Vice President and Member of Management Board
Vice President and Member of Management Board
Compensation as of Fiscal Year 2014.

AS DNB banka Key Developments

DNB Banka Group Announces Earnings Results for the First Half of 2014

DNB Banka group announced earnings results for the first half of 2014. For the first half, the company earned a profit of EUR 9 million against loss of EUR 1.138 million a year ago. Profit before provisions and taxes was EUR 9.7 million and total operating income was EUR 31.2 million.

AS DNB banka Announces Group Financial Results for the First Quarter of 2014

AS DNB banka announced group financial results for the first quarter of 2014. During the first quarter of 2014, the group generated EUR 3.6 million in profit, recovering from a loss a year ago. Profit before provisions and taxes came to EUR 4.5 million. Notwithstanding the already expected impact of euro adoption on revenue from commissions and currency transactions, the group managed to increase its profit due to steady interest revenue and strict cost control. The group generated EUR 15.5 million in total revenue in the first quarter of 2014. The group posted EUR 2.177 million loss for the first quarter of 2013.

AS DNB banka Announces Earnings Results for the Year Ended December 31, 2013

AS DNB banka announced earnings results for the year ended December 31, 2013. For 2013, the company generated EUR 10.6 million in annual profit in 2013. The banking group's profit contracted 18.4% year-on-year in 2013. Operational revenue came to EUR 70.6 million in 2013. Operational profit before provisions and taxes reached EUR 25.2 million.

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