Today, on 10 February, JSC “Aizkraukles banka” will repay the syndicated loan of EUR 70 million, according to the agreement terms and conditions.

In January, Aizkraukles Banka placed the whole syndicated loan amount, which is due in February, on the deposit with the syndicated loan arranger — DZ Bank AG (Germany).

The syndicated loan was repaid using the bank own funds. Similarly, Aizkraukles Banka plans to repay the other syndicated loan of EUR 85 million, which is to be repaid in July this year, complying with the agreement terms and conditions.

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

JSC “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.