On 27 April, the second annual event for shippers — Riga Shipping Dinner 2017 — is taking place in Riga. The event is organised and initiated by the group of companies specializing in insurance of shipping risks, ship sale and maritime law — Marine Services Group, whereas ABLV Bank is the general sponsor of the gala dinner, as well as the organiser of a seminar for the participants of the event.
News and Reviews
ABLV Bank Council and Board approved the bank’s and the group’s audited report for 2016. The bank gained profit of EUR 79.3 million in 2016.
We would like to inform that amendments to several documents of ABLV mutual funds become effective on 15 March 2017.
In February, optimism continued to prevail on global stock market. As before, the US capital market indexes set the tone for positive moods, achieving new records day after day. It should be noted that investors had enough reasons for such optimism, since earnings season turned out to be rather good. As at the end of February, reports were published by approximately 90% of the companies, and 74% of those managed to surpass the analysts’ profit estimates, as the overall profit growth constituted 5%.
Although last financial year can be said to be full of surprises, price fluctuations that were hard to explain, and historic turns, as well as the overall economic growth slowed down, ABLV Bank managed to achieve and surpass the planned results, gaining the historically highest profit so far.
Under the bond issue programme, ABLV Bank, AS has performed two new coupon bond issues, their total size amounting to USD 75 million and EUR 20 million at face value. During initial placement, the bonds were acquired by 119 investors.
On February 23, 2017, ABLV Bank, AS redeemed straight coupon bonds ABLV FXD USD 230217 (ISIN LV0000801645) and ABLV FXD EUR 230217 (ISIN LV0000801652) issued in 2015. The bonds were redeemed at 100% of the face value, and at the same time last coupon payments under these bonds were made.
On 22nd of February, 2017, coupons under ABLV FXD USD 220218 (LV0000801991) and ABLV FXD EUR 220218 (LV0000802007) bonds were paid out according to the following parameters:
On 13–14 March, annual international conference and exhibition Intax Expo Russia 2017 will take place in Moscow. The event is intended for professionals in the fields of corporate finance, estate planning, and international tax structuring.
RAEX Rating Agency (Expert RA) will not further assign creditworthiness ratings to the banks not licensed by the Bank of Russia
RAEX (Expert RA) ceases to apply methodology for assigning creditworthiness ratings to the banks not licensed by the Bank of Russia for performing banking operations.