The Aizkraukles Banka financial results as of 31 December 2009 have been summarized.
Since the beginning of the year, the amount of the bank assets has grown by 3.6%, and as of 31 December 2009 it was equal to LVL 1.047 billion.
The amount of attracted deposits has grown significantly. During the month, deposits have increased by 11.3%. Also in previous years, December was marked by rapid seasonal increase in the amount of deposits. Overall growth of deposits since the beginning of 2009 has been by 22%, i.e. LVL 156.5 million, and as of the end of 2009 they amounted to LVL 866.2 million.
Since the beginning of the year, the loan portfolio has decreased by LVL 75 million to amount to LVL 571.9 million (a decrease by 11.6%).
As of 31 December, the bank capital adequacy was equal to 15.11%, and liquidity – to 57.53%, 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 248.5 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.