Banking

ABLV Bank gained profit of EUR 45.3 million in H1 2016

Riga, Latvia, August 31, 2016, 09:42 / Banking

Although the first half of 2016 was marked by complex economic situation on some of the bank’s target markets, we managed to achieve and surpass the planned financial indicators, although adjustment of the bank’s business model has been initiated to ensure sustainability of the bank's operations.

Bank Held its Annual ABLV Invitational Golf Tournament

Riga, Latvia, July 27, 2016, 16:05 / Banking

On 23rd July 2016, the annual ABLV Invitational Golf Tournament took place in Ozo Golf Club already eighth time in a row. Each time the tournament becomes even more popular and significant, and now is considered one of the best in Latvia, which is confirmed by a large number of applications.

About redenomination of the national currency of the Republic of Belarus

Riga, Latvia, June 28, 2016, 14:14 / Banking

Оn 1 July 2016 the national currency of the Republic of Belarus will be redenominated and the currency code will be changed from BYR to BYN.

ABLV Bank Equity Increased by EUR 38.2 Million

Riga, Latvia, June 3, 2016, 10:00 / Banking

Another issue of ABLV Bank shares has been successfully completed, under which there were 2 700 000 registered shares issued. Following this, the bank’s share capital is comprised of 34 470 000 ordinary voting shares and 3 530 000 employee shares without voting rights attached. The newly issued shares constitute 7.8% of the bank’s voting share capital.

Convenient Forward transactions, accounting services, and other summer innovations

Riga, Latvia, June 2, 2016, 10:30 / Banking

Convenient and clear Forward transactions on currency market, accounting services in new jurisdictions, new issues of ABLV Bank bonds, bond issue arrangement opportunities for clients, financing secured by pledge of investment portfolio in new currencies, results of bond corporate actions credited on the same day, residence permits and change of tax residency, payments in three new currencies, and several payment card news — these are the main aims of product and service innovations, some have been already implemented and some are being realised in the coming month.

ABLV Bank ended Q1 2016 with profit of EUR 21.5 million

Riga, Latvia, May 27, 2016, 12:48 / Banking

The results of Q1 evidence stable development of the bank and allow predicting that the objectives set for 2016 will be achieved. All the bank’s major performance indicators remain high, including capital adequacy and liquidity ratios.

FCMC and ABLV Bank Signed Administrative Agreement

Riga, Latvia, May 26, 2016, 16:05 / Banking

Today, the Financial and Capital Market Commission (FCMC) and ABLV Bank, AS entered into the administrative agreement regarding the violations detected under the FCMC inspections, which is aimed at improving the functioning of the bank’s internal control system. According to the agreement, a fine of EUR 3.17 million will be applied to the bank and warning will be given to the responsible member of the bank’s board.

On changes in the rates and charges

Riga, Latvia, April 29, 2016, 14:55 / Banking

We would like to inform you that the individual safe deposit box rental fee will be changed from 1 July 2016. The fee for other services related to individual safe deposit box rental remains unchanged.

Riga Shipping Dinner Gathered Large Shipowners

Riga, Latvia, April 29, 2016, 12:09 / Banking

On 28 April, Riga Shipping Dinner took place for the first time. The exclusive event was aimed at establishing and maintaining professional contacts between shipowners and top-level executives of the companies operating in the shipping sector.

Mortgage Loans Service Department Premises Won Global Award

Riga, Latvia, April 26, 2016, 10:05 / Banking

The design solution for ABLV Bank Mortgage Loans Service Department (located at 21a, Elizabetes Street) created in the result of our collaboration with H2E design studio won global Bronze A’Design Award 2015-2016 in Interior Space and Exhibition Design category.