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.
News
The amendments to the law regulating the work of Latvian companies
On 2nd May 2013 new amendments to Commercial Law of Republic of Latvia were adopted. Amendments became effective on 1 July 2013.
Management company comment about ABLV open-end mutual funds in August
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.
ABLV Bank, AS audited profit in H1 2013 – LVL 15.2 million
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.
Coupon payment under ABLV FXD EUR 250215 and ABLV FXD USD 250215 bonds
On 26th 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 will prematurely redeem two issues of subordinated bonds
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.
Switching to virtual desktops ABLV Group improves data security
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.
ABLV private investment fund contributed to building modern traumatology and orthopedics centre
On 9 August 2013, Orto clinic was opened in
About performance of ABLV open-end mutual funds in July
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.
Euromoney named ABLV Bank the best bank in Latvia
One of the most influential publications in the field of global capital and financial markets, Euromoney, named ABLV Bank, AS the best bank in