AS LPB Bank

Audited Financial statement of the Bank for 2017 is published

29.03.2018

Management of the JSC "LPB Bank" has approved financial statement for the year ended 31st December 2017.

According to the report, net profit of JSC LPB Bank for 2017 amounted to 7.2 million EUR. In 2017 Bank’s return on assets (ROA) amounted to 3.32% (in 2016 – 5.25%) and return on capital (ROE) was 24.69% (in 2016 – 43.28%).

Increase in profit was largely ensured by successful performance of e-commerce business. E-commerce  turnover increased by 10%  in 2017,  while  commission  income  from  payment  card operations increased by 5%.

The full report can be found here.

We express our gratitude to our shareholders and clients for their trust and our employees - for their contribution to the development of the Bank!

Sincerely,
LPB Bank

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