Today, at JSC “Aizkraukles banka” (AB.LV) shareholders’ meeting, the Aizkraukles banka consolidated financial statement 2007 has been approved. Also, the decision on profit distribution has been made: 82% of profit, which is 22.2 million lats, was included in AS “Aizkraukles banka” Tier 1 capital as retained profit, while the rest will be distributed as dividends of 50 lats per each fully paid share.
News and Reviews
Aizkraukles Banka shareholders have approved 2007 audited consolidated financial statement and decided on profit distribution
According to Aizkraukles Banka 2007 audited consolidated financial statement, Aizkraukles Banka Group developed operations of its subsidiaries in the area of investment and closed the year with profit of LVL 27.5 million.
On February 19, 2008. IPAS “AB.LV Asset Management” Council approved changes in remuneration payments of the open-end fund "AB.LV Emerging Markets Bond Fund”.
On 12 February 2008 Aizkraukles Banka (AB.LV) signed the EUR 70 million syndicated loan facility agreement.
On Wednesday, 31.01.2008., the Federal Open Market Committee of the Federal Reserve System (USA) decided to reduce the federal funds rate by 0.50% to the level of 3.00%.
A meeting of Aizkraukles bank’s Council was held to approve amendments to the Board Regulations. Members of the Council voted for new director positions and approval of the following executive positions:
Please be informed about Aizkrakles banka working schedule during holidays.
In run up to New Year’s day, Aizkraukles Banka offers special co-operation terms to its customers for beneficial deposits of their free funds.
On Tuesday, December 11, the Federal Open Market Committee of theFederal Reserve System (USA) decided to reduce the federal funds rate by 0.25% to the level of 4.25%.