Aizkraukles Banka financial performance in April 2010

May 18, 2010, 13:20 / Banking

The Aizkraukles Banka financial results as of 30 April 2010 have been summarized.

In April, the amount of the bank assets continued to grow, and, as of the end of the month, assets amounted to LVL 1.192 billion. Since the beginning of the year, the amount of assets has increased by 14%, i.e. LVL 145 million.

The previous month was especially significant for the bank due to the amount of deposits attracted by the bank exceeding LVL 1 billion, for the first time in the bank history. As of 30 April, the total amount of attracted deposits equalled LVL 1.002 billion. During the first four months this year, the amount of deposits has grown by 15.8%, i.e. LVL 136.7 million.

Whereas the bank loan portfolio has increased by LVL 4.5 million to amount to LVL 576.4 million.

As of 30 April, the bank capital adequacy was equal to 14.65%, and liquidity — to 62.73%, 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 321.2 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