The general meeting of the shareholders of JSC "Aizkraukles banka" is going to be held.

March 19, 2002 / Banking

The General Meeting of the JSC "Aizkraukles Banka" (AB) shareholders is going to be held in the Hotel «Park Hotel Ridzene» on Friday, March 22.

During the meeting, the shareholders have planned to approve Annual Report of the Year 2001, to take decisions on fixed capital’s increase and profit’ s allocation. The approval of the Bank’s budget for the Year 2002 and it’s Activities’ plan, as well as the choice of this year’ s Auditing Company’ s is foreseen.

The paid-in Share Capital of AB is 5 millions LVL, number of the shares- 100 thousands. AB has155 share holders, including 122 private persons and 33 enterprises. The main share holders at present are the Deputy Chairman of the Bank’ s Board Oleg Fils — 45,83% of the shares, the Chairman of the Bank’ s Council Ernests Bernis — 44,8% of the shares and the Chairman of the Board Aleksandrs Bergmanis — 3,87% of the shares.

According to the audited financial results, the profit of the AB in the Year 2001 constituted 4,2 millions LVL.

The shareholders equity of AB at the end of the Year 2001 were 13,6 millions LVL. During the last year, the assets of AB increased by 46%, reaching the amount of 122,7 millions LVL. The amount of the deposited funds at the end of the last year reached 106,5 millions LVL, which is by 34,2 millions LVL or 47% more than in the Year 2000.

Financial figures31.12.199931.12.200031.12.2001
Assets65 154 80884 267 177122 691 956
Deposits53 814 33069 420 597106 532 018
Credits9 440 49518 242 90928 719 450
Equity4 561 5589 892 55513 566 237
Profit-575 4835 330 9974 173 682

Ernests Bernis,
the Chairman of the AB Council