Aizkraukles Banka earns profits of Ls 5.3 million

October 18, 2004 / Banking

Aizkraukles Banka: Deposit sums increased by 38%

In the first nine months of this year, Aizkraukles Banka made a profit of Ls 5,259,557. The bank’s assets increased to Ls 385 341 264, and the bank attracted Ls 327,916,369 in deposits. Comparing these figures to the first nine months of last year, the bank’s profits have increased by 17%, its assets — by 39%, and the amounts deposited — by 38%.

Aizkraukles Banka: A total loans portfolio of Ls 125 614 015

This year the bank has also significantly increased its loans portfolio. The total amount of loans issued has reached a figure of Ls 125 614 015, which is 56% more than in the previous year. The growth was due to the bank’s very successful operations in the loans market, especially in terms of mortgage loans, which make up more than a half of the total loans portfolio.

«There are several aspects of life to which people in Latvia pay more and more interest. One of these is the need to improve one’s quality of life, improving one’s real estate holdings or buying a new home. It’s nice to have been able to help people achieve this new level of quality,» says the Deputy Board Chairman of Aizkraukles Banka, Olegs Fils.

Aizkraukles Banka: A specialist in loans

Aizkraukles Banka is one of the five largest commercial banks in Latvia, and it specialises in loans. The bank is providing better services to its clients, and it has recently opened a new Client Service Centre, "Anninmuiza", at Anninmuizas Bouelvard 84/86 in Riga. The bank has opened a new Loans Centre, "Marija", at Marijas Street 13 in the capital city.

Aizkraukles Banka: New Client Service Centres, too

Aizkraukles Banka operates both in the domestic and foreign markets, offering clients a wide range of financial services. The bank’s equity capital is worth Ls 10 million, with 100,000 shares. There are 151 shareholders, including 119 private individuals and 32 enterprises. The main shareholders are Olegs Fils with 45.81% of shares, Ernests Bernis and Nika Berne with 45.81% of shares, and Aleksandrs Bergmanis, with 3.87% of shares.