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

As of the end of October, the amount of the bank’s assets reached LVL 1.34 billion. Since the beginning of the year, it has grown by 28%.

After ten months this year, total amount of attracted deposits equalled LVL 1.118 billion. As compared with that at the beginning of the year, the amount of deposits has grown by LVL 251.9 million, i.e. 29%.

Whereas the bank’s loan portfolio totalled LVL 545.8 million, as of 31 October.

As of 31 October, the bank’s capital adequacy was equal to 14.65%, and liquidity — to 68.23%.

The amounts held in correspondent accounts, central bank, and due under other claims to banks total LVL 391.6 million.

AS 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, KS AB.LV Transform Partnership, SIA AB.LV Transform 1, AS AB Konsultācijas, SIA AB.LV Corporate Services, SIA New Hanza City, SIA Elizabetes 21a, and other companies.