News

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

Riga, Latvia, April 7, 2017, 10:32 / Investments

In March, the global stock market retained positive moods, yet investors have become more selective, while the stock markets of various states and regions have lost their lockstep. If those were American stock indices that set the tone in February, then in March the European markets took over the lead. STOXX Europe 600 index grew by 2.94% within a month, while American S&P 500 stayed where it was, and the Japanese market lost more than 1%.

General Terms of Business are amended to improve procedure of rendering services

Riga, Latvia, April 6, 2017, 11:57 / Banking

Please be informed that on 1 May 2017 the new 35th edition of ABLV Bank, AS General Terms of Business shall come into effect. The amendments are related to the innovations in the services and products as was announced in spring product release, and to the improvement of the procedure of rendering certain currently offered services.

ABLV Bank Increases Share Capital

Riga, Latvia, April 4, 2017, 15:00 / Banking

An extraordinary meeting of ABLV Bank, AS shareholders was held on 31 March 2017. At the meeting, decisions were made on the increase of the bank’s share capital and approval of the terms of share capital increase, and on the appropriate amendments to the bank’s Articles of Association. In addition, members of the Audit Committee were elected, as well as other matters included in the agenda were considered and related documents were reviewed.

One-click payments, improved overdraft terms and other spring news

Riga, Latvia, March 30, 2017, 10:00 / Banking

Loans against pledge of investment portfolio in Luxembourg, improved terms and conditions for unsecured overdraft on current account, CASCO and MTPL insurance, restrictions for users of code cards, one-click payments and a whole list of other improvements in our Internetbank — all these things have already been or are about to be implemented for clients’ convenience in the near future.

ABLV Bank — General Sponsor of Riga Shipping Dinner 2017

Riga, Latvia, March 22, 2017, 12:31 / Banking

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.

ABLV Bank audited results for 2016 approved

Riga, Latvia, March 17, 2017, 15:25 / Banking

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.

About changes concerning ABLV mutual funds

Riga, Latvia, March 15, 2017, 14:01 / Banking

We would like to inform that amendments to several documents of ABLV mutual funds become effective on 15 March 2017.

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

Riga, Latvia, March 6, 2017, 17:23 / Investments

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%.

Unaudited profit of ABLV Bank for 2016 – EUR 79.3 million

Riga, Latvia, February 27, 2017, 09:29 / Banking

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.

ABLV Bank has successfully accomplished regular bond issues

Riga, Latvia, February 27, 2017, 08:50 / 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 119 investors.

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