The Aizkraukles banka non-audited financial results of the year 2008 have been summarized.

The bank profit in 2008 amounted to LVL 10.8 million. As of the 31 December 2008, the value of the bank assets was equal to LVL 1.01 billion, the amount of deposits attracted — LVL 710 million, and the amount of loans granted equalled LVL 649 million.

The bank total operating revenues in 2008 amounted to LVL 53.3 million, before deducting expenses on creation of reserves.

As of 31 December, the bank capital and reserves were equal to LVL 78.5 million. The amounts hold in correspondent accounts, central bank, and due under other claims to banks total LVL 227 million.

The capital adequacy was equal to 16.03 %, and liquidity — to 41.2%.

Detailed information on Aizkraukles banka and Group performance will be published together with the management comments at the end of February, alongside with the annual report.

AS Aizkraukles banka is 100% owned by Latvian shareholders. The bank’s majority shareholders are Olegs Fils — 47.04% shares, Ernests Bernis and Nika Berne — 47.04% shares. The Aizkraukles banka aim is to become the leading independent private bank in the Eastern Europe, providing corporate banking, private banking, asset management and advisory services to its customers. Aizkraukles Banka Group includes IPAS AB.LV Asset Management, IBAS AB.LV Capital Markets and other companies.