ABLV Bank increased the share capital

Riga, Latvia, October 13, 2014, 16:54 / Banking

ABLV Bank, AS, increased the share capital by 249 230 EUR, having issued 249 230 employee shares without voting rights, nominal value of one share equals 1 EUR.

The increase of the share capital was registered in the Enterprise Register of the Republic of Latvia. After this issue, the total amount of employee shares without voting rights compiles 10% of the share capital. This type of shares allows receiving dividends, but does not provide participation in the shareholders meetings. Employee shares will be assigned to bank’s leading employees.

Until today the signed share capital equals to 32 650 000 EUR that is comprised of 29 385 000 registered shares with voting rights and 3 265 000 employee shares without voting rights.

ABLV Bank, AS, is the largest independent private bank in Latvia.The bank’s major shareholders — Oļegs Fiļs, Ernests Bernis and Nika Berne — directly and indirectly hold 86.23% of the bank's voting share capital. ABLV Group includes ABLV Bank, AS; ABLV Bank Luxembourg, S.A.; ABLV Capital Markets, IBAS; ABLV Asset Management, IPAS; Pillar Holding Company, KS; ABLV Consulting Services, AS; ABLV Corporate Services, SIA; New Hanza City, SIA, and other companies. ABLV Group has representative offices in Moscow, St. Petersburg, Yekaterinburg, Vladivostok, Kiev, Odessa, Minsk, Almaty, Dushanbe, Baku, Tashkent, and Limassol.

Ilmārs Jargans
Head of Public Relations Department
+371 6777 5296
ilmars.jargans@ablv.com