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Regionala investiciju banka - JSC „Regionala investiciju banka” (АО «Регионала инвестицию банка», AS „Reģionālā investīciju banka”), RIB – Latvian Commercial bank, founded in 2001, which is the bending investment bridge between Latvia and Ukraine.

Activities
Bank offers customers the opportunity to invest their spare funds, and we invest the money in the customer’s business. We offer customers individual service in accordance with five values:
 * Competence
 * Speed
 * Dynamism
 * Flexibility
 * Confidentiality

The main objectives of the Bank are increasing the main financial indicators, improvement of Customer service culture and modernization of the Customer service environment, improvement of the risk management system, development of information technology improvement and development of services and products.

2011
RIB celebrated the 10th year of its operations in 2011. The bank describes the reporting year as a period of moderate development and cautious growth. Most important financial indicators of the bank in 2011 attest to a successful reporting year. Bank’s assets increased by 35.23% in 2011 and reached € 337 million. Deposit portfolio reached its historical maximum of € 307 million.

In 2011 changes to the bank’s shareholder structure occurred. The bank raised € 1.315 million in capital and as at the end of 2011 the bank’s share capital is € 15.829 million.

During the reporting year a new service was launched - trade of investment grade gold bars. The bank actively develops this service and plans to expand the range of gold investment solutions. Clients will be offered both to purchase gold bars and to store them in the bank. Similarly clients will be able to invest in gold without physical transitions, using the bank’s gold correspondent accounts.

Client base increased by 21% in the previous year, furthermore the number of money transactions increased by 14.42% reaching the bank’s record.

Bank significantly increased the volume and scale of documentary transactions. Compared to 2010 the amount of the bank’s securitized transactions grew by 20% and letters of credit transactions increased by 67%, reaching € 60 million.

During 2011 the number of payment cards increased by 33%, but the turnover of payment card transactions grew by 57%. At the end of 2011 the bank issued the exclusive World Signia cards, that are on the peak of MasterCard payment card hierarchy. World Signia cards are exclusive payment cards, that in addition to the standard features of a credit card offer exclusive solutions for regular and irregular situations.

Pre-2011
In 2010 the operations of the Bank were cautious, and mostly related to the improvement of the existing services. The number of customers and transactions increased, internal procedures and information technology systems of the Bank were improved as well. The Bank significantly improved its payment cards offer. Customer access to the SMS banking services was simplified. In 2010 a cooperation agreement with the JSC „DnB NORD Bank” for provision of a POS (Point of Sale) terminal to the resident Bank’s customers was entered into. On April 1, 2010 the Bank became a member of all NASDAQ OMX Baltic stock exchanges, therefore improving the quality of transactions with Customers’ shares and obligations at the Baltic stock exchanges.

2009 has been a year of development for RIB in the course of which the bank continued implementation of the initiated projects. The bank has been strategically cautious in large-scale investment and implementation of new ambitious plans. Although the savings have been made in line with the cautious assessment of the credit portfolio, financial data as of 2009 prove a slight, but positive result: € 76,199. At the beginning of the year the bank opened a representative office in Kiev, thus expanding its representation network in Ukraine.

Year 2008 despite the influence of financial crisis during the last quarter of this year, 2008 was a year of rapid period of growth in the bank. The number of Customers, employees and volumes of bank’s transactions significantly increased. In addition, the Bank finished the year with a profit of € 1.4 million. At the beginning of the year there was a change in the shareholders structure of Pivdennyi Bank and increased the share capital of the bank by € 2.85 million, therefore, at present Pivdennyi Bank is the main shareholder and owns 91.18%  of the shares of the bank. At the first half of the year depository and brokerage services were provided to the Customers of the bank. At the end of the year the bank became a member of the Latvian Central Depository. Comparing to the previous year, the Bank has increased the volume of Bank’s outgoing and incoming transactions, of which EUR outgoing transactions has increased by 42%. Also, in year 2008 the number of issued payment cards has doubled. The most popular were credit cards, which constituted 80% of the total amount of issued cards.

In year 2007, the Bank significantly increased its core capital, which currently totals € 11.7 million. Due to these changes the Bank’s own capital also increased to € 14.6 million. 2007 also saw several changes to the Bank’s group of shareholders, with the result that the Bank’s biggest shareholder – the Ukrainian Pivdennyi Bank – owns 89.02% of the Bank’s shares. At the start of the year a new accounting program was introduced at the Bank. It ensures faster turnover of bank transactions, improved and optimized Client service and increased data security. In December the Bank opened a representative office in the Ukrainian city of Dnepropetrovsk, thereby facilitating future growth in the Bank’s transactions and quantity of Customers in Ukraine.

In 2006, the bank started issuance of Eurocard MasterCard Maestro, Mass, Business and Gold debit and credit cards; a new document verification electronic device was introduced; and the bank’s website was launched. Twice during the year of 2006 – at the beginning and the end – the bank increased its equity for 66.67% total. At the end of 2006, it amounted to € 7,900,000. Despite the fact that profit of the bank in 2006 was € 835,000, the year was successful: major financial indicators went up significantly and so did intangible gain that is related to creating new products, building a team of professional employees and increasing the number of loyal customers.

2005 in the history of the bank can be considered a stage of successful growth and rapid development. The most important financial indexes have grown from 100% to 200% this year, and the bank occupies leading positions by profitability among competitors in Latvia.

In 2005 the bank opened a representative office in Odessa in Ukraine, received a license of Eurocard MasterCard for issue of payment cards, put in order business processes in the field of credit services, money laundering prevention and in the field of risk management, and increased the number of employees for 50%.

The bank began to offer its Customers Loans for increasing working capital in 2004. This type of loan became very popular with Customers and made up almost 80% of the total credit portfolio of the bank in 2004.

The number of employees of the bank has also continued to grow and the bank pays particular attention to the improvement and development of its internal business processes.

The shareholders of the bank changed in 2003. The new shareholders decided on a developmental strategy to increase the Customer amount and to increase the range of financial services offered. The bank introduced a documentary operations service for Customers in 2003 - in which the Trade finance product was improved. 2003 saw an important development in the history of the bank – it began to work with the Bank of Ukraine Pivdennyi Bank.

RIB was granted its licence on 14 September 2001 and regards its official founding date as 28 September 2001, this is when the company was registered in the Enterprise Register of the Republic of Latvia.

Shareholders and directors
Pivdennyi Bank is the main shareholder of JSC “Regionala investiciju banka” and holds a 83.59% of shares.

The Council

 * Chariman of the Council – Yuriy Rodin
 * Deputy Chairman of the Council – Mark Bekker
 * Member of the Council – Alla Vanetsyants
 * Member of the Council – Dmitrij Bekker
 * Member of the Council – Irina Buts

The Board

 * Chairman of the Board, President of the Bank – Haralds Abolins
 * Deputy Chairman of the Board, Member of the Board – Oleksandr Kuperman
 * Member of the Board – Daiga Muravska

Representative offices
RIB has representative offices in

Odessa
6/1 Krasnova Street, Odessa 65059

Dnepropetrovsk
30 Mirnova Street, Dnepropetrovsk 49000

Kiev
74 Saksaganskogo Street, Office 506, Kiev 01032