Latvian Bank Account

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17 November 2010

The Mortgage and Land bank of Latvia reported unaudited results of group and bank earnings for the nine months period ended September 30, 2010. For the bank, the company reported for this period net interest income of EUR 10,733,000 compared to EUR 25,451,000 for the same period a year ago. Loss before income tax was EUR 49,762,000 compared to EUR 18,362,000 for the same period a year ago. The company reported loss of EUR 49,762,000, compared to EUR 16,931,000 for the nine months of 2009.

Net fee and commission income was EUR 2,973,000 compared to EUR 3,194,000 for the same period a year ago. Cash and cash equivalents used in operating activities was EUR 50,797,000. Negative return on equity was 46.98% compared to 65.02% for the same period a year ago. Negative return on asset was 5.19% compared to 5.60% for the same period a year ago.

28 July 2010

Mortgage and Land bank of Latvia reported unaudited group and bank earnings results for the first quarter period ended March 31, 2010. The bank reported consolidated interest income of LVL 10,547,000, net interest income was LVL 2,388,000. Loss before income tax in the reported period was LVL 9,345,000. Cash flow from operating activities were LVL 27,257,000.

The bank’s interest income for the quarter was LVL 10,224,000. Net interest income was LVL 2,058,000. Loss before income tax was LVL 9,732,000 compared to last year’s profit before income tax of LVL 695,000. Cash flows from operating activities were LVL 27,243,000 compared to cash flows used in operating activities of LVL 1,825,000 a year ago.