Aizkraukles Banka financial performance in September 2010

October 13, 2010, 16:02 / Banking

The Aizkraukles Banka financial results as of 30 September 2010 have been summarized.

As of 30 September, the amount of the bank’s assets reached LVL 1.273 billion. Since the beginning of the year, it has grown by 21.5%.

As of 30 September 2010, total amount of attracted deposits equalled LVL 1.055 billion. As compared with that at the beginning of the year, the amount of deposits has grown by LVL 189.4 million, i.e. 21.9%. Amount of LVL 19.4 million has been raised through issuing bonds, which stands for increase by 68% since the beginning of the year.

The bank’s loan portfolio totalled LVL 554.5 million.

As of 30 September, the bank’s capital adequacy was equal to 15.16%, and liquidity – to 66.49%.

The amounts held in correspondent accounts, central bank, and due under other claims to banks total LVL 342.6 million.

Aizkraukles Banka is the largest independent private bank in Latvia with controlling interest owned by Latvian shareholders. The bank’s majority shareholders – Oleg Fil, Ernest 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