News

Management company comment about ABLV open-end mutual funds in February

Riga, Latvia, March 4, 2016, 16:06 / Investments

February turned out to be as stressful for global financial markets as January. It seemed that the massive “January counterattacks” of the leading central banks, namely, their promises to apply additional means for priming of economy, if necessary, suspended panic sales on risk asset markets, which were due to the “inadequate situation” in Chinese capital market.

ABLV Bank closed 2015 with profit EUR 69.0 million

Riga, Latvia, February 29, 2016, 13:14 / Banking

During 2015, planned development of the bank and other companies of ABLV Group continued as a result of consistent implementation of the group’s strategy. Our choice of the business model, careful risk management, and maintained cautious credit policy allowed us to achieve all the key results planned. According to the business model, our focus remains on providing services to private and corporate clients. ABLV Bank, AS is the largest bank in Latvia by the local capital and second largest by the assets.

Amendments to the General Terms of Business

Riga, Latvia, February 26, 2016, 10:34 / Banking

On 30 March 2016, edition 31 of ABLV Bank, AS General Terms of Business will become effective, and amendments introduced in the same concern the overdrafts, payments, investment services, and other provisions.

Coupon payment under ABLV FXD USD 230217 and ABLV FXD EUR 230217

Riga, Latvia, February 23, 2016, 17:32 / Investments

On 23rd of February, 2016, coupons under ABLV FXD USD 230217 (LV0000801645) and ABLV FXD EUR 230217 (LV0000801652) bonds were paid out according to the following parameters:

ABLV Bank has successfully accomplished regular bond issues

Riga, Latvia, February 22, 2016, 09:00 / Investments

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 more than 190 investors.

ABLV Bank, AS redeemed two coupon bond issues

Riga, Latvia, February 18, 2016, 12:35 / Investments

On 17th of February, 2016, ABLV Bank, AS redeemed straight coupon bonds ABLV FXD USD 170216 (ISIN LV0000801298) and ABLV FXD EUR 170216 (ISIN LV0000801306) issued in 2014. The bonds were redeemed at 100% of the face value and at the same time last coupon payments under the bonds were made.

2015 for Pillar: Year of Changes and Good Performance as Sales Exceed EUR 18 Million

Riga, Latvia, February 8, 2016, 10:45 / Banking

For Pillar, a company operating in the field of real estate development and trade, 2015 was a year full of changes when reorganization took place in order to start a new working stage, and the number of supervised properties significantly reduced. In the past year, stability and moderate growth returned to the real estate market; therefore, Pillar can announce good performance as well.

Management company comment about ABLV open-end mutual funds in January

Riga, Latvia, February 5, 2016, 17:20 / Investments

In the financial markets January appeared to be depressing. For the global stock market the beginning of the year was among the worst ones in recent decades. Sharp drop of prices in the markets once again started with the collapse at the Chinese stock exchange.

About changes in ABLV Group

Riga, Latvia, February 5, 2016, 14:10 / Banking

At the beginning of this year, several changes were performed in ABLV Group. On 28 January 2016, ABLV Bank, AS as the sole member established a new affiliate company ABLV Advisory Services, SIA, the share capital of which amounts to EUR 2 800.

Construction Project of ABLV Bank Headquarters in New Hanza City Approved

Riga, Latvia, January 12, 2016, 15:21 / Banking

At the end of 2015, construction projects to be implemented among the first ones within the initiative of a financial and recreation centre located in New Hanza City (NHC), a territory developed by Pillar, obtained concurrence. Consequently, construction projects of ABLV Bank headquarters, multifunctional office building and engineering communications received all necessary approvals.

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