Banking

ABLV Bank, AS, increases its equity

Riga, Latvia, October 3, 2013, 10:47 / Banking

On 30th of September this year, there was an extraordinary general meeting of ABLV Bank, AS, shareholders held. At the general meeting shareholders decided to approve ABLV Bank, AS, condensed consolidated financial report for the first half of 2013. Shareholders decided to leave the bank’s profit for the first half of 2013 undistributed and to include it in full in the bank’s Tier 1 equity capital. The bank’s profit for the first half of this year is equal to LVL 15 153 829.

ABLV Bank placed bronze bull sculpture in New Hanza City territory

Riga, Latvia, September 20, 2013, 13:44 / Banking

Celebrating ABLV Bank 20th anniversary, there was bronze bull sculpture placed in the territory of future financial and business centre New Hanza City in Riga. The sculpture motto is Labor Omnia Vincit (Work conquers all), and it stands for the power of work, determination, self-belief, and confidence about the chosen path. This motto is ‘inherited’ from the one placed on the art nouveau building at 23 Elizabetes Street, where the bank’s central office is located.

ABLV Bank Luxembourg products and services

Riga, Latvia, September 17, 2013, 10:40 / Banking

Fiduciary and overnight deposits, advisory investment management, likewise convenient and intuitive Internetbank, high ABLV customer service level, and traditions of biggest European investment centre – these are the major advantages of products and services, which will be offered by ABLV Bank Luxembourg, S.A from 17 September.

ABLV Bank, AS audited profit in H1 2013 – LVL 15.2 million

Riga, Latvia, August 29, 2013, 11:42 / Banking

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.

Switching to virtual desktops ABLV Group improves data security

Riga, Latvia, August 14, 2013, 09:00 / Banking

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.

Euromoney named ABLV Bank the best bank in Latvia

Riga, Latvia, August 1, 2013, 17:00 / Banking

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.

Moving to business centre at Skanstes Street, ABLV Bank obtains the room for further development

Riga, Latvia, August 1, 2013, 11:00 / Banking

Due to constant expansion of ABLV Bank and affiliate companies’ business, as well as respective staff increase, the resources of the office building that the bank rented before – at 4a Mednieku Street – became insufficient. Therefore, a decision on moving part of the bank’s structural units to new business centre Jupiter Centre, at 7 Skanstes Street, was taken. Now moving is completed, and the bank has two administrative buildings in Riga – at 23 Elizabetes Street and 7 Skanstes Street.

Changes in the rates and charges on payments

Riga, Latvia, July 30, 2013, 17:30 / Banking

On 1 September 2013, new rates and charges on payments become effective.

Sales of Pillar group reached EUR 19.3 million in the first half of the year

Riga, Latvia, July 18, 2013, 10:31 / Banking

The first half of 2013 was successful for real estate development and trading group Pillar, and its sales reached EUR 19.3 million. Whereas during the whole 2012, Pillar sold properties for EUR 15.7 million in total.

On changes in Pillar Holding Company affiliate companies

Riga, Latvia, July 4, 2013, 09:36 / Banking

After completing several significant transactions, there have been changes regarding affiliate companies of real estate company Pillar Holding Company, KS, included in ABLV Group.