Banking

The exhibition of Latvian contemporary art will be opened during Latvian Culture Season in Russia

April 3, 2008 / Banking

On the 7th of April this year, the exhibition of Latvian contemporary art, supported by Aizkraukles banka corporate charity fund (AB.LV Sabiedriskā labuma fonds), will be opened at Moscow Contemporary Art Center. The exhibition is held within the framework of Latvian Culture Season in Russia.

Aizkraukles Banka shareholders have approved 2007 audited consolidated financial statement and decided on profit distribution

April 1, 2008 / Banking

Today, at JSC “Aizkraukles banka” (AB.LV) shareholders’ meeting, the Aizkraukles banka consolidated financial statement 2007 has been approved. Also, the decision on profit distribution has been made: 82% of profit, which is 22.2 million lats, was included in AS “Aizkraukles banka” Tier 1 capital as retained profit, while the rest will be distributed as dividends of 50 lats per each fully paid share.

Changes in limits on cash withdrawal from ATMs

March 31, 2008 / Banking

Starting from 1st of April 2008 the 30-day limit on cash withdrawal from ATMs will be cancelled for all AB.LV credit cards. The 24-hour limit on cash withdrawal from ATMs will remain the same for all debit and credit cards.

Aizkraukles Banka Group ends 2007 with its highest ever profit

March 12, 2008 / Banking

According to Aizkraukles Banka 2007 audited consolidated financial statement, Aizkraukles Banka Group developed operations of its subsidiaries in the area of investment and closed the year with profit of LVL 27.5 million.

Reduced remuneration for fund management

March 3, 2008 / Banking

On February 19, 2008. IPAS “AB.LV Asset Management” Council approved changes in remuneration payments of the open-end fund "AB.LV Emerging Markets Bond Fund”.

Aizkraukles Banka raising a syndicated loan

February 18, 2008 / Banking

On 12 February 2008 Aizkraukles Banka (AB.LV) signed the EUR 70 million syndicated loan facility agreement.

Reduced rate for financing against securities

January 31, 2008 / Banking

On  Wednesday, 31.01.2008., the Federal Open Market Committee of the Federal Reserve System (USA) decided to reduce the federal funds rate by 0.50% to the level of 3.00%.

Aizkraukles banka improves its management structure

January 8, 2008 / Banking

A meeting of Aizkraukles bank’s Council was held to approve amendments to the Board Regulations. Members of the Council voted for new director positions and approval of the following executive positions:

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