Aizkraukles Banka financial performance in March

April 9, 2009 / Banking

The Aizkraukles Banka financial results as of 31 March 2009 have been summarized.

As of 31 March 2009, the value of the bank assets was equal to LVL 1.012 billion, the amount of deposits attracted — LVL 758.3 million. The amount of loans granted has decreased to LVL 637.8 million.

Compared to the results as of 31 December 2008, the amount of the deposits attracted has increased by LVL 48.6 million (6.8%). The average amount of deposits has been steadily growing since the beginning of the year. Currently, the increase is mainly resulting from raise in deposits of existing customers, whereas growing number of new non-resident customers provides grounds for long-term development.

As of 31 March, the bank capital adequacy was equal to 16.37 %, and liquidity — to 40.45%.

As of 31 March, the bank capital and reserves were equal to LVL 78.2 million. The amounts hold in correspondent accounts, central bank, and due under other claims to banks total LVL 218.3 million.

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, combining all banking services, including asset management and advisory services, in a single customer-tailored offer. Aizkraukles Banka Group includes IPAS AB.LV Asset Management, IBAS AB.LV Capital Markets and other companies.

Additional information:
Ilmars Jargans
Aizkraukles Banka
+ 371 67 77 52 96