News and Reviews

On transfers in EEK

December 17, 2010, 17:05 / Banking

On 1 January 2011, Estonia will change its currency from EEK (Estonian kroon) to EUR (euro). Therefore, the following procedure has been set for transfers in EEK.

Bank work schedule during Christmas and New Year holidays

December 17, 2010, 12:35 / Banking

We would like to inform you about Aizkraukles Banka customer service during Christmas and New Year holidays.

Aizkraukles Banka financial performance in November 2010

December 13, 2010, 11:55 / Banking

The Aizkraukles Banka financial results as of 30 November 2010 have been summarized. As of the end of November, the amount of the bank’s assets reached LVL 1.4 billion. Since the beginning of the year, it has grown by 34%.

AB.LV performance in Q3 2010

December 6, 2010, 18:11 / Banking

Aizkraukles Banka financial results for Q3 2010 have been summarized. Likewise the first two quarters of 2010, in the third quarter the bank’s business continued to grow in most important areas of operations – providing services to private and corporate customers, asset management, securities transactions, and lending to corporate customers.

Expanded opportunities of financing secured with financial instruments

December 2, 2010, 16:21 / Banking

From 1 December 2010, AB.LV expands opportunities of receiving financing secured with financial instruments. The positive changes made concern share of granted financing and list of financial instruments accepted as security.

Aizkraukles Banka sells small part of its mortgage loan portfolio to Nordea Banka

November 15, 2010, 16:33 / Banking

AS Aizkraukles Banka has entered into agreement with Latvian branch of Nordea Bank Finland Plc on assigning rights of claim under 55 mortgage loans. The total deal amount is about LVL 4.2 million, i.e. approximately 1% of the bank’s current mortgage loan portfolio. Compare: during 2009, the bank’s mortgage loan portfolio has been decreased by LVL 22.88 million, i.e. 5%.

Aizkraukles Banka financial performance in October 2010

November 13, 2010, 10:53 / Banking

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

Aizkraukles Banka customer servicing during November holidays

November 3, 2010, 12:40 / Banking

We would like to inform you about servicing Aizkraukles Banka customers during holidays in November 2010.

Latvian court protects bank secrecy: Aizkraukles Banka claim for cancelling request of the State Revenue Service has been upheld

November 1, 2010, 17:22 / Banking

On 28 October 2010, Riga Administrative Regional Court upheld the AS Aizkraukles Banka claim for cancelling the State Revenue Service request dated 9 May 2007 for provision of information on the bank’s customer.

Private equity fund established by Aizkraukles Banka purchased Grindeks shares

October 29, 2010, 16:38 / Investments

AB.LV Private Equity Fund 2010 purchased 1 090 844 shares of Grindeks public issue from Russian company Pharmstandard. The purchased shares ensure voting rights equal to 11.38% of the share capital, and the fund is going to use those rights directly and independently.

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