In the 4th quarter, GE Money Bank continued to deploy a conservative
risk
management strategy and focus on saving products. 

At the end of
December 2009 Bank's profit before provisions and tax was 4,130
million lats
which is approximately two times more than for the same period of
2008. 

At
the same time, Bank during 2009 has made total provisions of LVL
23.367
million. The total reserves reached over 18% of the credit portfolio.
As a
consequence, the Bank closed twelve month period of 2009 with LVL
19.237
million unaudited net losses. 

Despite a decrease in the total
deposit market, the Latvian resident deposit
volume of GE Money Bank increased
by 25% from the beginning of 2009 and the
bank increased it's market share of
the deposit market. 

GE Money Bank is well prepared to manage through the
current economic
environment. The Bank's capital adequacy indicator on
December 31, 2009 at
16,71% is approximately two times higher than Financial
and Capital Market
Commission's requirement of 8%. The liquidity ratio is
97,37%, which is more
than three times higher than the FCMC requirement of
30%. 

Tija Ezeriņa
Press secretary
GE Money Bank
Ph: +371 67 024
704
Mob. ph.: +371 27876080
3, 13.Janvara street, Riga, LV-1050