Its thought-out development strategy in combination with the flexibility and knowledge to respond effectively to changing market situations and client demands guarantee a stable growth and strengthen Aizkraukles Banka’s position on the banking market.
Aizkraukles Banka was founded in 1993, at a time when the post-Soviet business world the post-Soviet business world experienced a necessity for quality financial services. Their bank offers clients from Russia and other CIS countries high-class service that meets Western standards of banking practice.
In order to expand its activities and improve the bank’s competitiveness on the capital market for banking services, a branch is founded in Riga in 1995.
The 'Bank-Client' system is implemented, which allows Aizkraukles Banka clients to manage their own accounts via a modem connection. Later the Internet Banking program is developed on this basis.
Changes in the shareholding structure lead to active bank development: the management system is improved, and taking into account the situation on the domestic market the spectrum of services for foreign clients is expanded. Aizkraukles Banka shareholders undertake implementation of the new strategy, and subsequently take up leading posts in the bank’s management structure.
In 1997, Aizkraukles Banka is one of the first in Latvia to offer its clients the opportunity to manage their accounts via the Internet.
In the framework of expanding services on the local market, a loan department is founded, specializing in lending to importers.
The Bank of Latvia grants Aizkraukles Banka a license to work with private depositors, confirming its reliability and stability.
Aizkraukles Banka becomes a full-fledged member of Europay, which allows the launch of distribution and servicing of international cards Eurocard/MasterCard and Maestro.
In 2008, despite economic decline in the world markets, Aizkraukles Banka profitability indicators were one of the best in banking sector.
Their mission is to preserve and increase their customers' capital, providing financial and advisory services necessary for achieving this aim.