Underwriting to ABLV Bank, AS first public offer of bonds has been completed. The investors were offered bonds in EUR and USD with maturity term of 2 years.

As early as at the end of 2010, ABLV management announced its plans to work with profit in 2011, and those plans are being successfully implemented. Due to growing amount of deposits and commission income, as well as excellent investment activities, the Group’s profit amounted to LVL 20.7 million as at 30 September 2011, whereas the bank’s profit was equal to LVL 19.6 million.

From 8 July till 2 October this year, a collection brought by world famous fashion historian Alexandre Vassiliev from Paris will be exhibited in Riga Museum of Decorative Arts and Design. The exhibition is named “From mini to maxi. The fashion of 1960s” and is already a third dress exhibition presented by Alexandre Vassiliev in Riga with support of ABLV Bank.

Properly chosen business strategy enabled ABLV Bank to achieve and even surpass its financial targets. Clients high activity in first quarter of 2011 facilitated great financial performance demonstrated by ABLV.

Aizkraukles Banka has changed its name and implemented the bank’s new brand. From now on, its name will be ABLV Bank, AS. Alongside with the change of name and visual identity, the bank has completed the process of changing its business line, which is aimed at rendering tailored financial services in accordance with the highest standards.

SIA Ernst & Young Baltic has completed audit of AS Aizkraukles Banka and the group report for the financial year 2010.

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.