Aizkraukles banka has announced the results of operations during the first quarter

April 6, 2000 / Banking

Revenues for the first quarter of the year 2000 totalled 765 thousand Lats. This amount represents 27% of the planned income for 2000. The Bank is planning to generate 2.79 million Lats revenue at the end of the year.

As at March, revenues of the Bank amounted 300 thousand Lats.

The assets of the Bank have decreased by 3.24 million Lats or 5.0% comparing with the beginning of the year. As at March 31, 2000, the assets of the Bank totalled 62.15 million Lats.

The loans issued by the Bank totalled 12.69 million Lats, that is by 3.25 million Lats or 34.5% more than at the beginning of the year.

As at the end of the March, the amount of deposits in the “Aizkraukles Banka” amounted 46.62 million Lats. This amount is by 7.19 million Lats or 15.4% less than at the beginning of the year.

As at the March 31, 2000 capital and reserves of the Bank amounted 5.33 million Lats.

In the year 2000, the Bank is planning to increase its assets by 23.6%, loans issued by 89.4%, amount of deposits by 14.3% and capital and reserves by 61.3%.

Audit company “Deloitte & Touche Tohmatsu” will conduct the audit for JSC “Aizkraukles banka” in 2000.