In 2009 the Mortgage and Land Bank of Latvia pursued active lending within
the
framework of state aid programmes and as a result of the global
economic
situation accumulated provisions for doubtful loans in the amount of
74.2
million lats. 

Due to the accumulated provisions for doubtful loans
the Mortgage Bank closed
year 2009 with losses amounting to 54.1 million lats.
Profit of the bank before
accumulation of the provisions was 19.2 million
lats. In 2009 the gross assets
of the Bank increased by 4.4 million lats
reaching 967 million lats. The gross
loan portfolio of the Bank decreased by
24.1 million lats amounting to 707.5
million lats. In 2009 the deposits grew
by 22.3 million lats or 8%, their total
volume reaching 326.8 million lats.


The equity capital of the Bank is 121.32 million lats, but the reserve
capital
- 2.063 million lats. The retained earnings for the previous years
constituted
12 million lats. The liquidity ratio of the Bank is 82.2%, whereas
the capital
adequacy ratio was 12.8% as at 31 December 2009.