JSC Akciju komercbanka Baltikums has increased the share capital of its daughter company Investment Management JSC Baltikums Asset Management by LVL 1.07 million. After the increase paid up share capital of Investment Management JSC Baltikums Asset Management is LVL 2.5 million. The funds raised as a result of a new Investment Management JSC Baltikums Asset Management share issue were directed towards increasing the company's interest in life insurance company JSC Baltikums Dziviba with the aim of accumulating a 93% stake. The decision on the increase was related to the intention of the Bank's shareholder to restructure JSC Baltikums Bankas Grupa and JSC Baltikums Apdrosinasanas Grupa. As a result of the restructuring, Baltikums Group's investment and savings business was separated from risk insurance business by putting the full spectrum of investment and savings services (asset management, management of investment and pension funds, life insurance) under the management of the Bank and its daughter companies. An only shareholder of JSC Akciju komercbanka Baltikums is JSC Baltikums Bankas Grupa which shares in turn belong to five residents of Latvia: - SIA Alexander Peshkov Family Holdings - 24.75%;
- SIA Sergey Peshkov Holdings - 24.75%;
- Andrejs Kočetkovs - 24.75%;
- Oļegs Čepuļskis - 24.75%;
- Ivans Uļjanovs- 1%.
Now the Bank has following daughter companies: Investment Management JSC Baltikums Asset Management, JSC Baltikums Lizings and JSC Pirmais Atklatais Pensiju Fonds. | 
