News

Ordinary meeting of ABLV Bank, AS, shareholders took place

Riga, Latvia, April 1, 2015, 11:49 / Banking

The ordinary meeting of ABLV Bank, AS, shareholders was held on 31 March 2015. At the meeting, the bank’s consolidated report for 2014 was approved, the decisions on distribution of the bank’s profit for 2014, on increase of the bank’s share capital and approval of the terms of share capital increase, and on amendments to the bank’s Articles of Association were made, as well as other matters included in the agenda were considered and related documents were reviewed.

Payments in five new currencies

Riga, Latvia, April 1, 2015, 09:15 / Banking

With effect from 1 April 2015, we accept payments in five new currencies: Armenian Dram (AMD), Georgian Lari (GEL), Hong Kong Dollar (HKD), Turkish Lira (TRY), Thai Bath (THB).

New edition of ABLV Capital Markets and ABLV Asset Management General Terms of Business

Riga, Latvia, March 30, 2015, 15:28 / Banking

Please be informed that ABLV Capital Markets, IBAS Council and ABLV Asset Management, IPAS Council approved correspondingly a new edition of ABLV Capital Markets, IBAS General Terms of Business (edition 11) and ABLV Asset Management, IPAS General Terms of Business (edition 3). New terms will come into force on 1 April 2015.

Russia sets new terms to report on controlled foreign companies

Riga, Latvia, March 30, 2015, 11:30 / Industry News / Jurisdiction: Russian Federation

According to the Ministry of Finance, in Russia the deadline to report on controlled foreign companies will be postponed from 1 April until 15 June, announced the Finance Minister Anton Siluanov.

Two clinics are opened with financial support of ABLV Bank

Riga, Latvia, March 24, 2015, 17:21 / Banking

Last Friday, 20 March 2015, in the historical building at 1 Vingrotaju Street, the opening ceremony of two new clinics “Rigaer Turn-Verein” and “MAMA Rīga” took place. “Rigaer Turn-Verein” will deliver therapeutic services, taking care of patients’ physical and psychological wellbeing and providing beauty treatments and “MAMA Rīga” is nowadays the biggest reproductive health center in the Baltics with day hospital.

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

Riga, Latvia, March 4, 2015, 11:37 / Investments

In February, in the global financial markets positive trends continued to prevail. The markets of corporate bonds and government bonds of emerging markets continued to recover after December fall while investors preferred risk to quality, therefore credit risk premiums lowered.

Business may be granted a delay until autumn in respect of “anti-offshore law”

Riga, Latvia, March 2, 2015, 12:00 / Industry News / Jurisdiction: Russian Federation

The authorities may prolong from 1 April to 1 September the deadline for taxpayers to report assets in foreign companies. Earlier, business representatives asked for a delay for an “anti-offshore law” until the end of 2016.

General Terms of Business amended in order to expand the services and update the processes

Riga, Latvia, February 27, 2015, 11:57 / Banking

Please be informed that on 19 February this year the Board of ABLV Bank, AS approved new edition of ABLV Bank, AS General Terms of Business (edition 29), which will become effective on 1 April 2015.

Audited profit of ABLV Bank, AS, in 2014 – EUR 58.7 million

Riga, Latvia, February 26, 2015, 13:11 / Banking

During 2014, the bank and other companies of ABLV Group continued to grow, due to consistent implementation of the group’s development strategy. Although several our target markets were considerably affected by political and economic instability, we managed to achieve the planned results because of our thoroughly chosen business model, risk management, and cautious policy.

An ambitious transaction will result in the development of the Old Riga

Riga, Latvia, February 25, 2015, 17:27 / Banking

In February, an ambitious transaction in real estate financing for EUR 28 million was concluded, as a result of which the main artery of the Old Town — Kaļķu Street — will turn into a family-friendly shopping street. In the financial cooperation with ABLV Bank, AS Baltic RE Group has invested and breathed a new life in a number of historic buildings, which in addition were reconstructed according to the wishes of new tenants — the representatives of well-known brands. As a result, the Old Town will become a friendlier environment for Riga residents and its guests who want to have rest and enjoy shopping in the heart of the city.

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