Valartis Bank: customers show concern over recent substantial losses
In April 2015 a report was released on the financial situation of the Valartis Group, showing figures by the losing party for the sum of $76.79 million. Understandably this caused dismay to many investors of the bank in Liechtenstein. However, it is worth noting that the profit also showed to be around $17 million, and the loss of the entire group was related to the fact that the main activities were investment in the Russian Federation. Due to the sharp decline in 2014, the Panel provided assurance that in spite of serious losses, it will not impact Valartis Bank and investors can rest easy.
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