Continuing its bond issue programme, ABLV Bank, AS will perform two new bond issues. The issues will be performed under the Third Bond Offer Programme, and the bonds will be admitted to the regulated market – NASDAQ OMX Riga list of debt securities.

On 2nd May 2013 new amendments to Commercial Law of Republic of Latvia were adopted. Amendments became effective on 1 July 2013.

In August, the global financial market demonstrated rather high volatility. After the US Federal Reserve confirmed its intention to start reducing the quantitative easing (QE), many market players preferred to lock in profits on the stock markets.

In H1 2013 increased customer activity was observed, and therefore, compared to H1 2012, operating income has increased by 24.4%. The number of active corporate and private banking customers has grown as well – by 9.9%, compared to the beginning of the period. Whereas allowances for credit losses were the lowest during the last 5 years. Therefore we managed to increase efficiency and actively make investments in future development.

On 26^th of August, 2013 coupons under ABLV FXD EUR 250215 (LV0000801108) and ABLV FXD USD 250215 (LV0000801116) bonds were paid out according to the following parameters:

ABLV Bank, AS Board decided to perform premature redemption of two subordinated bond issues that took place in 2008. On 1 October 2013, the bonds in EUR
(ISIN: LV0000800712) and USD (ISIN:LV0000800720) will be redeemed at their face value.

Alongside moving to new office building Jupiter Centre, a large-scale IT project was implemented in ABLV Bank and its affiliate structures – switching to virtual desktop technology. Now almost 400 officers use virtual desktops, and it is planned that the project will be completed till the end of the year, so that all other officers of ABLV Group, including those working in representative offices abroad, switch to this solution.

On 9 August 2013, Orto clinic was opened in Riga – this is the first newly built private traumatology and orthopedics centre in Latvia. The total project costs were about LVL 3.5 million, where LVL 2.7 million were spent on the building construction, and LVL 0.8 million – on acquiring medical and other necessary equipment.

In July, global financial markets demonstrated positive trends. Market players were focused on the statements made by the heads of the US Federal Reserve and the ECB.

One of the most influential publications in the field of global capital and financial markets, Euromoney, named ABLV Bank, AS the best bank in Latvia. The appraisal was given to our bank under Euromoney Awards for Excellence 2013.