News and Reviews

ABLV Bank Luxembourg, S.A. Can Meet All of Its Obligations Towards Clients

Riga, Latvia, February 23, 2018, 16:49 / Banking

Today, the Luxembourg District Court postponed for a second time to February 28th, 2018 the hearing in relation to the request of the Commission de Surveillance du Secteur Financier to suspend the debit operations of the ABLV Bank Luxembourg, S. A. clients to protect the bank and stabilise the situation.

ABLV Bank, AS redeemed two coupon bond issues

Riga, Latvia, February 22, 2018, 18:11 / Investments / Inside information

On February 22, 2018, ABLV Bank, AS redeemed straight coupon bonds ABLV FXD USD 220218 (ISIN LV0000801991) and ABLV FXD EUR 220218 (ISIN LV0000802007) issued in 2016. The bonds were redeemed at 100% of the face value, and at the same time last coupon payments under these bonds were made. At the moment of coupon payment, income tax was withheld by the bank in accordance with the Law on Enterprise Income Tax and the Law on Personal Income Tax.

Announcement of Resignation as Member of the Board

Riga, Latvia, February 22, 2018, 12:56 / Banking / Inside information

ABLV Bank, AS has received Aleksandrs Pāže’s statement of resignation as member of the Board of ABLV Bank, AS.

ABLV Bank, AS Redeems Two Coupon Bond Issues with a Total Volume of Approximately 80 mln EUR

Riga, Latvia, February 21, 2018, 15:46 / Investments

On February 22, 2018, ABLV Bank, AS will perform planned redemption of straight coupon bonds ABLV FXD USD 220218 (ISIN LV0000801991) and ABLV FXD EUR 220218 (ISIN LV0000802007) issued in 2016. The bonds will be redeemed at 100% of the face value, and at the same time last coupon payments under these bonds will be made. At the moment of coupon payment, income tax will be withheld by the bank in accordance with the Law on Enterprise Income Tax and the Law on Personal Income Tax.

On Bond Issues

Riga, Latvia, February 20, 2018, 09:54 / Investments / Inside information

Given the unfolding situation and in the effort to maintain honest attitude to investors, the Board of ABLV Bank has taken a decision to not carry out the two announced issues of straight coupon bonds and to not execute the applications for buying bonds which were received under the initial offering.

European Central Bank Gives ABLV Bank Time to Stabilise the Situation

Riga, Latvia, February 19, 2018, 08:50 / Banking

In order to stabilise the situation and in accordance with the instructions of the European Central Bank, on 19 February 2018, Financial and Capital Market Supervision Commission made a decision to set temporary settlement restrictions on clients’ debit operations.

ABLV Bank Statement for the press

Riga, Latvia, February 15, 2018, 08:01 / Banking

Here is our opinion that was provided today on the press brief. We will continue to explain our position to the society and the clients given the unprecedented report released by the U.S. Department of the Treasury.

About the Proposal of the Financial Crimes Enforcement Network of the U.S. Department of the Treasury

Riga, Latvia, February 13, 2018, 20:00 / Banking

ABLV Bank, AS has reviewed the Proposal regarding ABLV Bank by the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury. After preliminary examination of the document we believe that this Proposal uses false information. The report leaves out significant information on the bank’s efforts in the field of money laundering and terrorism financing prevention in the last years.

Management company comment about ABLV open-end mutual funds in January, 2018

Riga, Latvia, February 6, 2018, 10:17 / Investments

The beginning of the year has obviously been pleasant for investors on the global stock market. Growth of stock indexes was observed almost everywhere. Once again, US stock market was setting the pace, where the events by now could be described as euphoria. By the end of the month, US Broad Market Index S&P 500 soared by 5.62%, whereas during the month it was reaching up by almost 7.5%. 

Coupon payment under ABLV FXD USD 110718 and ABLV FXD EUR 110718

Riga, Latvia, January 11, 2018, 14:04 / Banking

On 11th of January, 2018, coupons under ABLV FXD USD 110718 (ISIN LV0000802072) and ABLV FXD EUR 110718 (ISIN LV0000802080) bonds were paid out according to the following parameters:

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