New ABLV Bank Council elected

Riga, Latvia, October 2, 2017, 16:51 / Banking

On 29 September 2017, a meeting of ABLV Bank shareholders was held, at which the bank’s Council was elected for a 5-year term of office, and the number of the Members of the Council was increased to five. Four current Members of the Council Oļegs Fiļs, Jānis Krīgers, Jānis Butkevičs, and Aivis Ronis were re-elected, and Aleksandrs Rjabovs became the fifth Member of the Council.

Aleksandrs Rjabovs has acquired education in law and has previously held management positions in the insurance area.

This announcement contains inside information.

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 87.03% 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; Pillar Development, SIA, and other companies. ABLV Consulting Services has representative offices in Moscow, St. Petersburg, Vladivostok, Kiev, Odessa, Minsk, Almaty, Baku, Tashkent, Hong Kong, and Limassol.