Rietumu Bank

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Dermot Desmond first acquired a stake in Rietumu Banka in Latvia in 2005. Photograph; Dara Mac Dónaill

Dermot Desmond-backed Rietumu Banka in Latvia saw its pre-tax profit drop 14 per cent last year to €35.2 million as it terminated relationships with t(...)

Rietumu Bank  said it recently funded a new Gulfstream Jet, which have a list price of $65 million.

The Latvian bank in which Dermot Desmond holds a stake is moving into the aviation finance business by offering customers funding for executive jets. (...)