Aizkraukles Banka financial performance in June 2009

July 14, 2009 / Banking

The Aizkraukles Banka financial results as of 30 June 2009 have been summarized.

As of 30 June 2009, the value of the bank assets was equal to LVL 1.004 billion.

The amount of attracted deposits was LVL 796.2 million. Since the beginning of the year, the deposits have grown by 12.2%, i.e. LVL 86.5 million.

Since the beginning of the year, the loan portfolio has decreased by LVL 40.2 million to amount to LVL 606.8 million (a decrease by 6.2%).

As of 30 June, the bank capital adequacy was equal to 15.27%, and liquidity — to 41.58%, exceeding the FCMC minimum requirements — 8% for capital adequacy and 30% for liquidity.

The amounts held in correspondent accounts, central bank, and due under other claims to banks total LVL 234.7 million.

On June 29, AB.LV completely repaid the last syndicated loan of EUR 85 million. Consequently, all the bank liabilities under the syndicated loan are discharged.

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 6777 5296
ilmars.jargans@ab.lv