Aizkraukles Banka financial performance in March 2010

April 16, 2010 / Banking

The Aizkraukles Banka financial results as of 31 March 2010 have been summarized.

Over the first quarter, the amount of the bank assets has grown by 9% to amount to LVL 1.143 billion, as of the end of the March.

During the first three months of 2010, the amount of attracted deposits continued to grow. Total increase in the amount of deposits reached 8.2%, i.e. LVL 70.9 million, over the quarter. As of 31 March 2010, the overall amount of attracted deposits totalled LVL 937.2 million.

Whereas the bank loan portfolio equalled LVL 575.5 million, as of the end of the March.

As of 31 March, the bank capital adequacy was equal to 14.43%, and liquidity to 60.36%, 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 301.4 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