Aizkraukles Banka implements consumer crediting

July 3, 2006 / Banking

Aizkraukles Banka extends its activities

As a specialised credit bank, Aizkraukles Banka feels the needs of its customers and extends the range of its services. From now on, the Bank will offer not only mortgage, but also consumer crediting to its customers.

New credit product — AB.karte

Aizkraukles Banka starts offering a new credit product -AB.karte to its customers, who may receive a loan up to LVL 6000 within their four monthly salaries by means of this competitive card, which is especially advantageous to current customers. It may be used both in Latvia, and abroad, besides the card has a flexible discount system. AB.karte is available to customers of Aizkraukles Banka and of other banks, as well as to persons without an account with any bank.

Aizkraukles Banka’s profit was LVL 9.87 million as of the end of May

As of the end of May, Aizkraukles Banka’s profit reached LVL 9.87 mln. The volume of its assets increased up to LVL 572.778 mln., and the Bank attracted LVL 480.423 mln. in deposits. This year, Aizkraukles Banka continues substantial increase of its credit portfolio volume. The total amount of advanced loans has grown up to LVL 331.372 million, which is by 71.43.% more than last year. Such growth was due to the Bank’s successful activities in the area of crediting, increase of the number of creditors and effective capital management.

Aizkraukles Bank is a local bank

The Aizkraukles Banka is 100% owned by Latvian shareholders and carries on its activities both in Latvia and abroad, offering a wide range of financial services to its customers. At the close of 2005, the Bank’s equity amounted to LVL 45.57 million. The Bank’s majority shareholders are Ernests Bernis and Nika Berne — 46.45% shares, Olegs Fils — 46.45% shares.