News and Reviews

Aizkraukles banka increases the profit forecast and intends to implement changes in the management

August 26, 2002 / Banking

The Shareholders Meeting of AS Aizkraukles Banka (AB) has approved the audited financial results for first half-year of 2002 and resolved not to distribute the bank’s half-year profits in dividends, but to retain it within shareholders equity of the bank, with an objective of fostering the further development of the bank. As of the end of July, the shareholders equity of AB equalled 14.958 million lats.

Aizkraukles banka accounts for 2.175 million Ls profit in the first seven months of this year

August 20, 2002 / Banking

Aizkraukles Banka (AB) accounts for 2.175 million Ls profit in the first seven months of this year. The Average Return on Assets (ROA) of the bank as reported for this seven-month period was 2.99% per annum. The average value of this indicator in Latvian banking sector according to the data of the Financial and Capital Market Commission last year was 1.5%. In July this year, AB earned 283 thousand lats.

Non-audited Semi-annual Profits of Aizkraukles Banka – 2.063 million Ls

July 10, 2002 / Banking

The first half of this year Aizkraukles Banka (AB) had generated a profit of 2.063 million Ls. In June this year, AB earned 118 thousand Ls with the Average Return on Assets (ROA) of the bank at 3.35% per annum. The average value of this indicator in Latvian banking sector according to the data of the Financial and Capital Market Commission last year was 1.5% .

Profit of Aizkraukles Bank in the first five month — 1.945 million lats

June 10, 2002 / Banking

Aizkraukles Banka (AB) has gained revenue of 1.945 million lats in the first five months of this year. This May AB made 313 thousand lats with the banks ROA 3.8% per year. According to the Financial and Capital Market Commission, last year the average value of this indicator in Latvian banking sector was 1.5%.

Profit of Aizkraukles Bank in the first four month — 1,632 million lats

May 9, 2002 / Banking

During the first four moths this year Aizkraukles banka (AB) has been working with the profit of 1,632 million lats. In April AB has earned 286 thousand lats. At the end of the month the Bank's average return on assets (ROA) was 4% per annum. According to the statistics of the Financial and Capital Market Commission last year in Latvian banking serctor this indicator amounted on average 1,5%.

New client service centre of Aizkraukles Bank in Purvciems

April 16, 2002 / Banking

On Tuesday, April 16, Aizkraukles Banka is going to open new client service centre "Purvciems", that is located on 51a, Dzelzavas St., opposite the Mebelu nams. The centre offers whole range of AB services, including wide borrowing possibilities and free of charge consultations regarding loan-related questions.

Profit of Aizkraukles banka in the first quarter of this year — 1.346 millions LVL

April 11, 2002 / Banking

During this year’s first quarter Aizkraukles Banka (AB) has been working with the profit of 1.346 millions LVL. This is by 17% or 195 thousands LVL more than during the first three months of the last year. AB’s profit in the first quarter of last year was 1.15 millions LVL.

Shareholders of Aizkraukles bank want to double bank’s authorized share capital.

March 25, 2002 / Banking

At the General meeting of the S/C "Aizkraukles bank" (AB), held last Friday, a decision to double it’s authorized share capital, increasing it up to 10 millions LVL this year, has been made. «It will secure higher stability of the Bank and deposits’ safety» considers one of it’s main shareholders, AB Council Chairman Ernest Bernis.

The general meeting of the shareholders of JSC "Aizkraukles banka" is going to be held.

March 19, 2002 / Banking

The General Meeting of the JSC "Aizkraukles Banka" (AB) shareholders is going to be held in the Hotel «Park Hotel Ridzene» on Friday, March 22.

Audited profit of the JSC "Aizkraukles banka" in 2001 — 4.2 million lats

March 18, 2002 / Banking

The audited operational results for Aizkraukles Bank in 2001 show a profit of 4.2 million lats. The profit level attained exceeded the planned amount (3.8 million Ls) and is higher than the bank’s provisional profit for last year (4.1 million Ls). During the reporting period AB’s assets rose by 46%, reaching 122.7 mill. lats.

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