Changes in current account and payments rates and charges

Riga, Latvia, November 1, 2012, 17:40 / Banking

On 1 January 2013, new rates and charges on payments and current account maintenance will become effective.

ABLV Bank Luxembourg, S.A. obtains banking licence

Luxembourg, October 29, 2012, 09:45 / Banking

ABLV Bank Luxembourg announces today that the Luxembourg Ministry of Finance has issued its licence for banking operations. ABLV Bank Luxembourg, S.A. is an independent company, the founder and sole shareholder of which is ABLV Bank, AS, a Latvian based bank. ABLV Bank, AS invested 20 millions euro in equity capital of Luxembourg subsidiary.

ABLV Bank receives award as one of Latvian TOP 101 most valuable companies

Riga, Latvia, October 17, 2012, 15:00 / Banking

For the fourth year already, a research aimed at determining 101 most valuable Latvian companies is performed. The research was carried out by investment banking company Prudentia and stock exchange NASDAQ OMX Riga, in cooperation with SIA Lursoft IT and magazine Kapitāls.

New opportunities of financing against pledge of investment portfolio

Riga, Latvia, October 16, 2012, 16:08 / Investments

We have expanded the opportunities of financing against pledge of investment portfolio – now you can obtain financing not only against pledge of financial instruments and available funds, but also against pledge of precious metals’ account balance.

Another ABLV Bank bond issue in USD completed

Riga, Latvia, October 15, 2012, 17:17 / Investments

Subscription to another bond issue in USD performed by ABLV Bank, AS under the Second Bond Offer Programme has been completed. The issue size is USD 25 million.

New brand of ABLV group real estate developer – Pillar

Riga, Latvia, October 15, 2012, 08:42 / Banking

ABLV group includes seventeen companies operating in real estate area. Since beginning those operations in 2008, this group of companies was known as ABLV Transform. Starting from 15 October, they will have a new single brand – Pillar.

Russia and Latvia to avoid double taxation

Riga, Latvia, October 12, 2012, 14:30 / Industry News / Jurisdictions: Russia, Latvia

The Russian president Vladimir Putin has approved ratification of the agreement between the Russian Federation and the Republic of Latvia on avoidance of double taxation and prevention of tax evasion with regard to income and capital gains tax.

Global Financial Market: Topical Issues in September 2012

October 9, 2012, 11:00 / Investments / Leonid Alshanskiy

Macroeconomic reports published in September did not give signals of the global economic recovery process, on the contrary, pointing to the spread of negative trends to more stable economies, including Germany, the US, and China.

Performance of ABLV open-end investment funds in September

Riga, Latvia, October 9, 2012, 13:00 / Investments

In September all open-end investment funds managed by us – both stock funds and bond funds – demonstrated good results and ended the month with an increase. All funds also showed considerable growth since the beginning of the year.

Safe deposit boxes in great demand

Riga, Latvia, October 4, 2012, 11:25 / Banking

Due to high customer demand, we have increased amount of safe deposit boxes in our vault.