Aizkraukles Banka financial performance in August 2010

September 13, 2010, 11:08 / Banking

The Aizkraukles Banka financial results as of 31 August 2010 have been summarized.

As of the end of August, the amount of the bank’s assets reached LVL 1.3 billion. Since the beginning of the year, it has grown by 24%.

The amount of attracted deposits continued to grow in August, amounting to LVL 1.1 billion, as of 31 August. In total, the amount of attracted deposits has grown by 27% this year.

The bank’s loan portfolio totalled LVL 559.2 million, as of the end of August.

As of 31 August, the bank’s capital adequacy was equal to 15,55%, and liquidity — to 66,43%, 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 354.5 million.

Aizkraukles Banka is the largest independent private bank in Latvia with controlling interest owned by Latvian shareholders. The bank’s major shareholders Oļegs Fiļs, Ernests Bernis and Nika Berne hold 85.90% of the bank’s share capital. Aizkraukles Banka Group includes brokerage joint stock company “AB.LV Capital Markets”, investment management joint stock company “AB.LV Asset Management”, “AB.LV Transform Partnership” LP, “AB.LV Transform 1” Ltd, JSC “AB Konsultācijas”, “AB.LV Corporate Services” Ltd, “New Hanza City” Ltd, “Elizabetes 21a” Ltd, and other companies.

Additional information:

Ilmars Jargans
Head of Public Relations Department
+ 371 6700 2296