Interest-free Lending Campaign of Aizkraukles Bankas Completed

December 12, 2003 / Banking

Six Interest-Free Mortgage Loans of Aizkraukles Banka (AB.LV) Awarded

Today, the open raffle concluded the campaign launched in celebration of the 10th anniversary of Aizkraukles Banka (AB.LV), where six interest-free loans were awarded to Dace Skrastina, Ludmila Verselene, Liga Svopule, Sergejs Tihomirovs, Igors Kalnacs un Viktors Senatovs. The raffle was open to everyone, who concluded a contract for receipt of a mortgage loan from Aizkraukles Banka (AB.LV) from September the 10th through December the 10th of this year. The first four lucky winners of the interest-free loans were determined already back on October the 20th.

Clients Save More Than 67 000 Lats

A total of 309 mortgage loans were granted during the campaign. Loans were granted for the maturity periods from 14 months up to as many as 20 years. The total saving gained by the winners of the campaign from the release of the bank’s interest on loans, exceeds 67 000 lats.

Aizkraukles Banka (AB.LV) Specialises in Mortgage Lending

Aizkraukles Banka (AB.LV) is specialising in the sphere of mortgage-secured lending and is now offering one of the most attractive mortgage loan conditions in Latvia — mortgage loan interest rates from as low as 3.85%, bank lending volume for mortgage loans up to 95% of the value of the property as well as specialised mortgage-secured lending programmes.

Aizkraukles Banka (AB.LV) is now the sixth largest bank in Latvia in terms of the total assets. The total loan portfolio of Aizkraukles Banka (AB.LV) is equal to LVL 61 290 780. The volume of mortgage-secured loans granted by Aizkraukles Banka (AB.LV) has reached LVL 19 580 300, having increased by 179,6% since the end of the previous year.