Continuing its bond issue programme, ABLV Bank, AS will perform four new bond issues. The issues will be performed under the Third Bond Offer Programme, and the bonds will be admitted to the regulated market – NASDAQ OMX Riga list of debt securities.
News and Reviews
On 9 May 2013, the Council of the Financial and Capital Market Commission (FCMC) approved registration of the Base Prospectus of ABLV Bank, AS, Third Bond Offer Programme, allowing the bank to perform public offering of debt securities amounting to LVL 200 000 000 or equivalent amount in EUR or USD.
The first four months of 2013 have been successful for open-end mutual funds managed by ABLV Asset Management, IPAS, and as at the end of April this year the total value of their assets exceeded EUR 75 million. Currently, 6 mutual funds are available to our customers, including 4 bond funds and 2 stock funds.
In April, after things in Cyprus have calmed down, major global stock markets resumed living their own lives, and dynamics of stock indexes of particular countries were mostly determined by internal factors.
In its 2011 tax report, released on 25 April 2013, Europe's statistics agency identified
The European Central Bank decided form 8 May 2013 to cut the interest rate in the eurozone by 0.25 percent points to the level of 0.50%.
Another issue of ABLV Bank shares has been completed successfully, under which 6 570 ordinary registered voting shares were issued. After the issue, the bank’s share capital is composed of 127 170 ordinary voting shares and 13 400 employee shares without voting rights; the newly issued shares constitute 5.2% of the bank's voting share capital.
Due to state public holiday, ABLV will not work on the 1st of May. Also we would like to inform that on the 6th of May, despite state public holiday in Latvia, ABLV will work as usual, except cash transactions and safe deposit box vault at ABLV Bank, AS, central office, which will be not available on this day.
On the 2nd of May this year, changes in the rates and charges “Brokerage Services” will become effective. Commission for participation in corporate events following the customer order has been introduced.
In March, as well as in February, the global stock market showed the mixed dynamic. In the first half of the month, positive sentiment dominated on most of the major financial markets, and the stock indices dynamic of individual countries was determined mostly by internal factors. However, in the middle of the month the general central theme appeared - Cyprus, whose government was trying to avoid bankruptcy and interrupted operations of the country’s banking system for two weeks. The news from Cyprus caused a wave of anxiety and prompted most of investors to get rid of risky assets.