News and Reviews

Reduced rate for financing against securities

December 17, 2008 / Banking

On Tuesday, 16 December 2008, the Federal Open Market Committee of the Federal Reserve System (USA) decided to cut the federal funds rate by 0.75%-1% to a range of 0% to 0.25%.

“Depositary Clearing Company” - a new counterparty for safekeeping of Russian securities

December 16, 2008 / Banking

With an aim to reduce depositary risks in working with securities on the Russian stock market and to increase the quality of customer servicing, some time ago we made a decision to open an account at “Depositary Clearing Company”.  

Working Hours of the Brokerage Department of IBAS "AB.LV Capital Markets" are Prolonged till 23:00

December 5, 2008 / Banking

Starting from December 8, 2008 the Brokerage Department of IBAS “AB.LV Capital Markets” prolongs its working hours till 23:00 (Riga time).

Reduced rate for financing against securities

December 5, 2008 / Banking

On Thursday, 4 December 2008, the European Central Bank decided to cut the interest rate in the eurozone by 0.75% to the level of 2.50%.

Reduced rate for financing against securities

November 6, 2008 / Banking

On Thursday, 6 November 2008, the European Central Bank decided to cut the interest rate in the eurozone by 0.5% to the level of 3.25%.

Reduced rate for financing against securities

October 30, 2008 / Banking

On Wednesday, 29 October 2008, the Federal Open Market Committee of the Federal Reserve System (USA) decided to cut the federal funds rate by 0.5% to the level of 1.0%.

Raimonds Pauls musical play Sister Carrie premiered in St. Petersburg with AB.LV support

October 21, 2008 / Banking

The Latvian National Theatre musical play “Sister Carrie. Retrospection” premiered in St. Petersburg on the 16th and 17th of October, as a part of the “Baltic House” International Theatre Festival.

Aizkraukles banka summarized financial performance of the first three quarters 2008

October 17, 2008 / Banking

“We consistently continue implementation of the new business strategy, under which key role is assigned to providing tailored services to companies and wealthy individuals. We refrain from concluding risky transactions, because we consider safety to be more important than profit in present circumstances,” said Aizkraukles banka co-owner and Chairman of the Board Ernests Bernis.

Reduced rate for financing against securities

October 10, 2008 / Banking

On Wednesday, 8 October 2008, the Federal Open Market Committee of the Federal Reserve System (USA) decided to cut the federal funds rate by 0.5% to the level of 1.5%, while the European Central Bank reduced the interest rate in the eurozone by 0.5% to the level of 3.75%.

Even in the current economic situation, Riga still has the potential to become a regional finance centre with global significance

October 7, 2008 / Banking

The LL.M in Law and Finance Master’s Programme provided by the Riga Graduate School of Law (RGSL) and supported by Aizkraukles Bank (AB.LV) will be the first one in Latvia and rare in all Europe that will prepare the highest level specialists both in law and finance sphere. Those specialists will be able to find best solution to cope with financial crisis. 

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