Aizkraukles Banka donates Ls 30,000 for the development of handball in Latvia

August 2, 2004 / Banking

Aizkraukles Banka has signed an agreement on donating the sum of LVL 30,000 to the Latvian Handball Federation

Aizkraukles Banka has signed an agreement on donating the sum of LVL 30,000 to the Latvian Handball Federation, the aim being to develop the sport and promote its popularity in Latvia.

Aizkraukles Banka donates LVL 30,000

Approximately LVL 20,000 of the money will go to support events that are organised by the Latvian Handball Federation, including the finals of the European Youth Championships in Riga, the Latvian championships, the Latvian Cup competition, as well as Baltic and junior league games. The remaining LVL 10,000 will help the Latvian handball club "ASK/AB.LV" to take part in European Cup games in Latvia and abroad.

Possibility to say thanks

"It is no secret to anyone that government financing for various areas of activity has declined in recent years. This has been true in the area of sports, too, and it happens not just in Latvia, but also in other countries. Thanks to public support, loyalty and good will, we have been able to achieve good results in our work. We have a high opinion of this fact, and with this donation we are saying thank you . We offer financial aid to the Latvian Handball Federation because we support the further development of this sport, and we want to allow existing and young players to prove themselves," says Olegs Fils, co-owner and deputy board chairman of the bank.

Aizkraukles Banka continued support for sports branch

For several years now, Aizkraukles Banka has actively participated in various aspects of public life, offering aid to those areas of activity which cannot survive just on the basis of government financing. The bank has supported sports before, financing football and handball federations, as well as the participation of athletes in international competitions. Aizkraukles Banka supports its own handball team, "ASK/AB.LV", which became Latvia’s handball champion in 2002. Since 1997, the bank has also supported a handball club for children and youth , "Skriveri and Aizkraukle".

Aizkraukles Banka has operated in the Latvian market for 10 years.

Aizkraukles Banka is owned by Latvian shareholders and has operated in the market for 10 years. Aizkraukles Banka today is Latvia’s 5th largest bank and a leader in the field of mortgage lending.