Aizkraukles Banka financial performance in February 2010

March 12, 2010 / Banking

The Aizkraukles Banka financial results as of 28 February 2010 have been summarized.

Over the first two months, the amount of the bank assets has grown by 7% to amount to LVL 1.12 billion.

During the first two months of this year, the amount of attracted deposits continued to grow. As of 28 December 2010, the overall amount of deposits totalled LVL 923.2 million, which represents an increase by 6.6% as compared to the beginning of the year.

Since the beginning of the year, the bank overall loan portfolio has increased by 1.5%, and as of the end of February this year it was equal to LVL 580.8 million.

As of 28 February, the bank capital adequacy was equal to 15.1%, and liquidity – to 59.44%, exceeding the FCMC minimum requirements – 8% for capital adequacy and 30% for liquidity.

The amounts held in correspondent accounts, central bank, and due under other claims to banks total LVL 285 million.

JSC “Aizkraukles banka” is 100% owned by Latvian shareholders. The bank’s majority shareholders are Oleg Fil — 47.04% shares, Ernest Bernis and Nika Berne — 47.04% shares. Aizkraukles Banka is the largest independent private bank in Latvia, combining all banking services, including asset management and advisory services, in a single customer-tailored offer. Aizkraukles Banka Group includes brokerage joint stock company “AB.LV Capital Markets”, investment management joint stock company “AB.LV Asset Management”, “AB.LV Transform Partnership” LP, JSC “AB Konsultācijas”, and other companies.

Additional information:
Ilmars Jargans
Aizkraukles Banka
+ 371 6777 5296