In the 2nd quarter of 2015, the Bank continued the process of changes. The Bank introduced a new business model, focusing on the service of personal finances, trade finance and investments. The process of restructuring was also finalized, drawing a particular attention to the identification and management of risks. The Bank created a separate directorate for the purpose of risk management. On April 22, the Bank changed its corporate style. The colour and logotype have now become brighter, more up-to-date and open. The Bank launched its new website, which is technologically more advanced, informative and easy to use. The website design is responsive, which means that it is adaptable to mobile devices. Since one of the key priorities in the Bank's work is to stay abreast with evolving technologies, using them on a daily basis, in the 2nd quarter the Bank continued to implement its CRM system and IP telephony. It is planned to switch to the new telephony in autumn, 2015. The Bank continued its work on establishing the TKB Lifestyle website lifestyle.tkb.lv, which was launched on July 22. On this web-site the holders of Bank's cards can find exclusive offers and privileges, latest news from Bank's partners and use the TKB Concierge service.

Compared to the year end of 2014, the Bank's assets in the 2nd quarter of 2015 have not change significantly, amounting to EUR 593.18 million, which is by EUR 12.07 million more than the final figure of 2014. Accordingly, by the end of the reporting period, the amount of attracted deposits was EUR 509.0 million, but the Bank's loan portfolio reached EUR 96.27 million. The Bank ended 2nd quarter of 2015 at a loss of EUR 1.79 million, which is basically due to the investments made by the Bank in the business development and strategy change. Thanks to the prudent dividend payment policy in the pre-crisis years, now the Bank has at its disposal the retained earnings of previous periods in the amount of EUR 13.77 million. The Bank believes that these investments will underpin the Bank's long-term strategy and development. The Bank's capital and reserves as at 30 June 2015 amounted to EUR 40.34 million.
 

The Bank's consolidation group consists of the subsidiary companies: “TKB Līzings” and its subsidiary “TKB Leasing Tajikistan”, “TKB LU” and “Project 1”; and also “Heckbert C7 Holdings” and its subsidiary „Ferrous Kereskedelmi KFT”. The amount of Group’s assets as at the end of the reporting period was EUR 582.80 million, which is by EUR 8.67 million more than the final figure of 2014. The Group ended the 2nd quarter of 2015 at a loss of EUR 3.16 million.
 

This financial report for the 2nd quarter of 2015 has not been audited and it has been prepared based on unaudited financial statements for this period.
 

This financial report was approved by the Board of the Bank on August 24, 2015 and it is available on the Bank’s website at www.tkb.eu.
 

JSC TRASTA KOMERCBANKA is one of the most experienced commercial banks in Latvia which has been working in the financial market since 1989. The bank offers a wide range of financial services for local and international clients. The consolidated group has also representative offices in Russia, Ukraine, Belarus, Kazakhstan, Tajikistan, Azerbaijan, Hong Kong and a branch in Cyprus.

Aiga Aizpuriete
Public Relations Manager
JSC TRASTA KOMERCBANKA
T. +371 67027964; +371 29490982
E-mail: aiga.aizpuriete@tkb.lv
www.tkb.eu
lifestyle.tkb.lv