Aizkraukles banka has established a new subsidiary company – AB.LV Transform Investments

September 24, 2008 / Banking

Aizkraukles banka JSC has established its new subsidiary company AB.LV Transform Investments, with fixed capital of LVL 1 million. Aizkraukles banka is the sole owner of the newly established company.

Aizkraukles Banka will support Latvia 90th anniversary celebration events in Belarus

September 11, 2008 / Banking

As usual, Aizkraukles Banka provides support to Latvian embassies in organizing Latvia Independence Day celebration events. This year, the 90th anniversary events organized by Latvian Embassy in Belarus are also supported by the bank.

AB.LV – also in Tashkent

September 8, 2008 / Banking

AS “AB Konsultācijas”, one of Aizkraukles Banka Group companies, has just opened its representative office in Tashkent, the capital of Uzbekistan. The representative office is supposed to start full-scale operations on the 1st of October. This is the fifth representative office of AS “AB Konsultācijas” — the other four are located in Moscow, St. Petersburg, Odessa and Baku. Whereas Aizkraukles Banka itself has three representative offices — in Kiev, Minsk, and Almaty.

Aizkraukles Banka Group: good financial performance in the first half of 2008

August 28, 2008 / Banking

The audited Aizkraukles Banka Group financial statement of the first half of 2008 has been submitted to Aizkraukles Banka general meeting of shareholders.

On amendments in prospectuses, short prospectuses and regulations of open-ended investment funds “AB.LV Emerging Markets Bond Fund”, “AB.LV Global ETF Fund” and “AB.LV High Yield CIS Bond Fund”

July 28, 2008 / Banking

Hereby we inform you that on 21 July 2008 the Financial and Capital Market Commission registered amendments in the prospectuses and regulations of open-ended investment funds “AB.LV Emerging Markets Bond Fund”, “AB.LV Global ETF Fund” and “AB.LV High Yield CIS Bond Fund”.

The first half of the year successful for Aizkraukles Banka

July 17, 2008 / Banking

Aizkraukles Banka (AB.LV) stable performance in the first half of 2008 let the bank achieve its financial goals set at the beginning of the year. The profit of the first half of the year amounted to LVL 12.6 million.

Aizkraukles Banka - Oversubscribed Syndicated Loan

July 14, 2008 / Banking

On 08 July 2008, Aizkraukles Banka signed a syndicated loan agreement. The loan total amount is EUR 85 million, and loan interest rate is 3M EURIBOR +1%. Together with agreement signed in February, the total volume of funds the bank attracted from financial institutions this year has reached EUR 155 million.

Increased rate for financing against securities

July 4, 2008 / Banking

On Thursday, 3 July 2008, the European Central Bank raised the interest rate in the eurozone by 0.25% to the level of 4.25%.

Reduced rate for financing against securities

May 6, 2008 / Banking

On Wednesday, 30 April 2008, the Federal Open Market Committee of the Federal Reserve System (USA) decided to reduce the federal funds rate by 0.25% to the level of 2.0%.

AB.LV customer service during holidays in May

April 24, 2008 / Banking

Due to public holidays in May, AB.LV work schedule will be the following.