Aizkraukles Banka financial performance in December 2010

January 19, 2011, 14:18 / Banking

The Aizkraukles Banka performance results as of 31 December 2010 have been summarized. During the year, the amount of the bank’s assets has grown by LVL 402.2 million, i.e. 38.4%. As at 31 December, the total amount of the bank’s assets equalled LVL 1.449 billion.

Customers’ trust in the bank continues to grow, which is also evidenced by amount of attracted deposits. During the year, the amount of deposits has grown by LVL 373.7 million, i.e. 43%. In 2010, for the first time in the bank’s history, the amount of deposits exceeded LVL 1 billion. At the end of 2010, deposits attracted by the bank equalled LVL 1.239 billion. Whereas the amount of subordinated deposits was equal to LVL 23.8 million, as at 31 December 2010.

During December, the bank’s loan portfolio has grown by 5 million to amount to LVL 560.9 million as at 31 December.

As of 31 December, the bank’s capital adequacy was equal to 12.62%, and liquidity – to 69.45%.

The amounts held in correspondent accounts, central bank, and due under other claims to banks total LVL 407.4 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.

Ilmars Jargans
Head of Public Relations Department
+ 371 6700 2296