Aizkraukles Banka financial performance in May 2010

June 10, 2010, 14:48 / Banking

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

Over the first five months this year, the amount of the bank assets has grown by 17.6% to amount to LVL 1.232 billion.

Also, the amount of attracted deposits has increased significantly: as of 31 May 2010, it totalled LVL 1.031 billion, having grown by LVL 165 million, i.e. 19%, compared to that as of the beginning of the year.

The bank loan portfolio has increased approximately by LVL 4 million and equalled LVL 575.9 million, as of 31 May 2010.

As of 31 May, the bank capital adequacy was equal to 14.47%, and liquidity — to 63.50%, 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 326.7 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
ilmars.jargans@ab.lv