News and Reviews

Volume of loans issued by Aizkraukles bank grows in November

December 16, 2002 / Banking

The volume of loans granted by Aizkraukles Bank (AB) has increased by 5.2 million lats or 15.4% in November when compared with October. Since the end of the year 2001, the loan portfolio of AB has increased by 30.5%.

Aizkraukles Banka — among the most earning banks in Latvia

November 13, 2002 / Banking

Over the ten months of this year, Aizkraukles Bank (AB) had generated a profit of 3.357 million lats. In October, AB earned more than 390 thousand lats.

Aizkraukles banka announces increased deposit rated

October 28, 2002 / Banking

Starting from October 28 and through the end of the year, Aizkraukles banka (AB) will offer deposits bearing an interest, which is increased, on the average, by 0.5 per cent. The increased interest-rates are offered by AB for time deposits both in Lats (minimum 600 Ls), US Dollars and Euro (minimum 1000 USD/EUR).

Nine-month profits of Aizkraukles banka — 2.966 million Ls

October 15, 2002 / Banking

The first nine months of this year, Aizkraukles Banka (AB) had generated a profit of 2.966 million lats. In September this year, AB earned more than 344 thousand lats.

Eight-month profits of Aizkraukles Banka – 2.622 million Ls

September 18, 2002 / Banking

The first eight months of this year, Aizkraukles Banka (AB) had generated a profit of 2.622 million Ls. The Return on Assets (ROA) of the bank as reported for this eight-month period was 3.05% per annum. The average value of this indicator in Latvian banking sector according to the data of the Financial and Capital Market Commission last year was 1.5%. In August this year, AB earned more than 447 thousand lats.

Aizkraukles Banka Involves an Auditing Company for the Acquisition of Another Bank

September 16, 2002 / Banking

With a view to considering the prospects of acquisition of another bank, Aizkraukles Banka (AB) had, this week, requested the auditing company Ernst&Young to evaluate the proposals meeting certain requirements. It is an internationally accepted practice to involve a consultant for the purposes of such an important deal. Ernst&Young is among the largest auditing companies in the world.

Aizkraukles banka increases the profit forecast and intends to implement changes in the management

August 26, 2002 / Banking

The Shareholders Meeting of AS Aizkraukles Banka (AB) has approved the audited financial results for first half-year of 2002 and resolved not to distribute the bank’s half-year profits in dividends, but to retain it within shareholders equity of the bank, with an objective of fostering the further development of the bank. As of the end of July, the shareholders equity of AB equalled 14.958 million lats.

Aizkraukles banka accounts for 2.175 million Ls profit in the first seven months of this year

August 20, 2002 / Banking

Aizkraukles Banka (AB) accounts for 2.175 million Ls profit in the first seven months of this year. The Average Return on Assets (ROA) of the bank as reported for this seven-month period was 2.99% per annum. The average value of this indicator in Latvian banking sector according to the data of the Financial and Capital Market Commission last year was 1.5%. In July this year, AB earned 283 thousand lats.

Non-audited Semi-annual Profits of Aizkraukles Banka – 2.063 million Ls

July 10, 2002 / Banking

The first half of this year Aizkraukles Banka (AB) had generated a profit of 2.063 million Ls. In June this year, AB earned 118 thousand Ls with the Average Return on Assets (ROA) of the bank at 3.35% per annum. The average value of this indicator in Latvian banking sector according to the data of the Financial and Capital Market Commission last year was 1.5% .

Profit of Aizkraukles Bank in the first five month — 1.945 million lats

June 10, 2002 / Banking

Aizkraukles Banka (AB) has gained revenue of 1.945 million lats in the first five months of this year. This May AB made 313 thousand lats with the banks ROA 3.8% per year. According to the Financial and Capital Market Commission, last year the average value of this indicator in Latvian banking sector was 1.5%.

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