On 7 May 2009 reduced rate for financing against securities

May 7, 2009 / Banking

On Thursday, 7 May 2009, the European Central Bank decided to cut the interest rate in the eurozone by 0.25% to the level of 1.00%.

Aizkraukles Banka financial performance in Q1

April 30, 2009 / Banking

The Aizkraukles Banka priorities for 2009 are to maintain stability and high level of income. During first quarter of this year Aizkraukles Banka actively continued creating provisions for loan impairment.

Aizkraukles Banka work schedule during holidays in May

April 28, 2009 / Banking

In accordance with the state official holidays, the Aizkraukles Banka central office and customer service centres in Latvia will not work on the 1st and 4th of May.

On these days, the Aizkraukles Banka Client Line (+371 6777 5555) will work as follows: from 9:00 till 18:00 on the 1st of May and from 8:00 till 20:00 on the 4th of May.

On the 4th of May, the foreign customers’ servicewill be ensured, but the 1st of May will be a non-working day. Also, for AB.LV Asset Management and AB.LV Capital Markets the 1st of May will be a non-working day, but the 4th of May will be a work day.

The Aizkraukles Banka and AB Konsultācijas representative offices abroad will work according to the schedule set in the corresponding country.

AB Konsultācijas representative office in Tashkent opens its doors

April 28, 2009 / Banking

Settled in new premises (”Poitaht” business centre) in the capital of Uzbekistan, Tashkent, the representative office of JSC “AB Konsultācijas”, part of Aizkraukles Banka (AB.LV) Group, has started its work in this country.

The main task of the representative offices is to provide information about AB.LV Group and its services, alongside with promoting international economic cooperation in various areas of business.

Currently, the AB.LV Group companies have representative offices in Central Asia and Transcaucasian states — Kazakhstan, Uzbekistan, and Azerbaijan. The geographic location, natural resources, economic potential of these countries as well as opportunities for developing business cooperation have been of growing interest to Latvian businessmen.

This is the fifth representative office of JSC “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.

The aim of AB.LV Group is to continue expanding the network of its representative offices in Russia and CIS member states. The successful operations of the AB.LV Group representative offices are proved by rapidly growing number of foreign customers.

Aizkraukles Banka shareholders approve statement for the year 2008 and decide on profit distribution

April 20, 2009 / Banking

At JSC "Aizkraukles banka” (AB.LV) shareholders’ meeting, the Aizkraukles Banka consolidated statement for the year 2008 was approved. At the general meeting, the bank shareholders decided to include the bank net profit for the year 2008, which totalled LVL 10.7 million, in AS Aizkraukles Banka Tier 1 capital as retained profit and to make no dividend payments.

Aizkraukles Banka offers safe deposit boxes

April 20, 2009 / Banking

Nowadays, it is becoming more and more popular to store compact valuables — important documents, jewelry, cash savings — not at home, but in a secure safe deposit box at the bank. This opportunity is now available to the Aizkraukles Banka (AB.LV) customers.

Aizkraukles Banka financial performance in March

April 9, 2009 / Banking

The Aizkraukles Banka financial results as of 31 March 2009 have been summarized.

Aizkraukles Banka work schedule during Easter holidays

April 8, 2009 / Banking

In accordance with the state official Easter holidays, the Aizkraukles Banka central office and customer service centres in Latvia will not work on the 10th and 13th of April.

On 2 April 2009 reduced rate for financing against securities

April 3, 2009 / Banking

On Thursday, 2 April 2009, the European Central Bank decided to cut the interest rate in the eurozone by 0.25% to the level of 1.25%.

Aizkraukles Banka offers safe deposit boxes to its customers

April 3, 2009 / Banking

In the basement floor of the bank central office in Riga, at Elizabetes 23, Aizkraukles Banka has equipped a modern safe deposit box vault, meeting the highest security standards. The vault has several safety levels, with adjacent rooms equipped with different sensors, and there is an integral part of any safe vault — a solid metal door, almost half-meter thick.