The Aizkraukles Banka financial results of January 2009 have been summarized.

The bank profit in January 2009 amounted to LVL 0.9 million. As of 31 January 2009, the value of the bank assets was equal to LVL 1.04 billion, the amount of deposits attracted — LVL 760.3 million, and the amount of loans granted equalled LVL 647.5 million.

Compared to the results as of 31 December 2008, the amount of the deposits attracted has increased by LVL 50.6 million during the month.

The bank total operating revenues in January 2009 amounted to LVL 4.7 million, before deducting expenses on creation of reserves.

As of 31 January, the bank capital and reserves were equal to LVL 79.5 million. The amounts hold in correspondent accounts, central bank, and due under other claims to banks total LVL 241.1 million.

As of the end January, the capital adequacy was equal to 16.07 %, and liquidity — to 43.05%.

In January, Aizkraukles Banka has placed the whole syndicated loan amount of EUR 70 million, which is due in February, on the deposit with the syndicated loan arranger — DZ Bank AG (Germany). The amount deposited will be used for repaying the loan on 10 February, in accordance with the agreement terms and conditions.

AS 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. 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.