The share capital of ABLV Bank, AS is equal to EUR 38,000,000 and is comprised of 34,470,000 registered shares with voting rights and 3,530,000 employee shares without voting rights. The bank’s major shareholders, Oļegs Fiļs, Ernests Bernis and Nika Berne, directly and indirectly hold 86,55% of the bank’s share capital. Other shares are held by heads of the bank’s structural units, employees, long-term customers and business partners. The bank is managed by the board of seven persons. The board consists of executive officers who coordinate core areas of the bank operations.
1 Decreased employee number is due to the structural changes of the concern specified in Annex 18 of 2015 Annual Report.
Consolidated financial statements of the bank are prepared on a going concern basis in conformity with International Financial Reporting Standards as adopted by the European Union. Public quarterly reports of the bank are prepared in accordance with the Regulations on Preparation of Public Quarterly Reports of Credit Institutions approved by the Financial and Capital Market Commission with the purpose of providing information on the financial standing and performance indicators of the bank for the particular period.
The Investor Calendar is a useful tool for investors to get necessary information about all corporative events, including about our bonds. The calendar contains information about bank shareholders’ meetings, financial performance, public offerings of bonds, issue parameters, coupon payments, bond redemption and others.
The bank started public issues of bonds in 2011. Bonds are issued based on the strategic goals of the bank, the key one of which is to acquire sufficient financial resources which would also be available in long-term. Bonds are an attractive investment solution for customers preferring long-term investments. Bonds of our bank ensure yield that is higher than that of same term deposits. Bank issued bonds may be purchased and sold on the stock exchange Nasdaq Riga.
Head of Public Relations Department
ABLV Bank, AS
Tel.: +371 6777 5296