AIZKRAUKLES BANKA spent issuing shares, increasing its equity capital by 6.5 million lats
Aizkraukles banka has completed its share issue. 10,000 shares were issued - in addition to 100,000 shares, which constituted the capital of the bank before that. After the issue of new shares account for 9.09% of core capital of the bank. Price per share were 650 LVL.Two-thirds of the new issue of shares was purchased by current shareholders, management and employees of the bank, as well as Latvia customers Private Bank. In turn, a third of the shares was acquired by foreign customers of the bank, basically - individuals. Following issuance about 86% of the bank's capital are hold by the bank's largest shareholders - Ernest Bernis and Oleg Filyu.
Although this was a closed share issue, and a limited number of participants had made suggestions, the total paid-up volume of applications was more than 9 million lats - 40% higher than supply, so some of the individual applications have been partially met.
Chairman and CEO of Aizkraukles banka Ernest Bernice explained the purpose of issue of shares:
"The crisis of 2008 demanded from us a significant mobilization of efforts and resources. Now we can say that the most difficult phase has been completed, we can observe a stable economy and a gradual increase in Latvian economy. We also see that the chosen business model has the right to have a bright future because it has managed to survive alone on an unprecedented scale crisis. So we asked ourselves, what do we have to do when rates exceed those we have included in their calculations. To answer the question whether we can cope with credit growth share issue was carried out. Many of those who purchased the shares, are our clients for over ten years. Total emissions after the bank came about 30 new shareholders. We see no need in the coming year is to increase the share capital " .
Aizkraukles banka is the largest independent private bank in Latvia, where the majority belongs to the Latvian owners, combining all banking services, including asset management and advice in one sentence, adapted for the needs of clients. The concern includes Aizkraukles banka joint stock company broker investment "AB.LV Capital Markets", joint-stock company for investment management "AB.LV Asset Management", CT "AB.LV Transform Partnership", Co.Ltd "AB.LV Transform 1", JSC " AB Konsultācijas ", Co.Ltd " AB.LV Corporate Services ", Co.Ltd " New Hanza City ", Co. Ltd "Elizabetes 21a” and other companies.
Publication date: 23.07.2010
