Banking

Pillar 1Q 2016: recognition received, new projects initiated, and good performance achieved

Riga, Latvia, April 20, 2016, 09:00 / Banking

The first three months of 2016 have been eventful for the real estate development group Pillar: the developed project Miera Park House has been recognized as the best new residential building of the last year, development of construction projects of two new apartment buildings has been started, and good sales results have been achieved.

ABLV Bank Increases Share Capital

Riga, Latvia, April 8, 2016, 10:13 / Banking

The ordinary meeting of ABLV Bank, AS shareholders was held on 7 April 2016. At the meeting, the bank’s annual report and the consolidated report for 2015 were approved. Decisions were made on distribution of the bank’s profit for 2015, on increase of the bank’s share capital and approval of the terms of share capital increase, and on amendments to the bank’s Articles of Association. In addition, other matters included in the agenda were considered and related documents were reviewed.

About changes concerning ABLV mutual funds

Riga, Latvia, March 23, 2016, 11:40 / Banking

We would like to inform that amendments to several documents of ABLV mutual funds become effective on 23 March 2016.

On changes in the rates and charges

Riga, Latvia, March 21, 2016, 17:13 / Banking

On 1 April 2016, changes in the Financial Instruments’, Precious Metals’ and Cash Accounts rates and charges will become effective.

ABLV Bank closed 2015 with profit EUR 69.0 million

Riga, Latvia, February 29, 2016, 13:14 / Banking

During 2015, planned development of the bank and other companies of ABLV Group continued as a result of consistent implementation of the group’s strategy. Our choice of the business model, careful risk management, and maintained cautious credit policy allowed us to achieve all the key results planned. According to the business model, our focus remains on providing services to private and corporate clients. ABLV Bank, AS is the largest bank in Latvia by the local capital and second largest by the assets.

Amendments to the General Terms of Business

Riga, Latvia, February 26, 2016, 10:34 / Banking

On 30 March 2016, edition 31 of ABLV Bank, AS General Terms of Business will become effective, and amendments introduced in the same concern the overdrafts, payments, investment services, and other provisions.

2015 for Pillar: Year of Changes and Good Performance as Sales Exceed EUR 18 Million

Riga, Latvia, February 8, 2016, 10:45 / Banking

For Pillar, a company operating in the field of real estate development and trade, 2015 was a year full of changes when reorganization took place in order to start a new working stage, and the number of supervised properties significantly reduced. In the past year, stability and moderate growth returned to the real estate market; therefore, Pillar can announce good performance as well.

About changes in ABLV Group

Riga, Latvia, February 5, 2016, 14:10 / Banking

At the beginning of this year, several changes were performed in ABLV Group. On 28 January 2016, ABLV Bank, AS as the sole member established a new affiliate company ABLV Advisory Services, SIA, the share capital of which amounts to EUR 2 800.

Construction Project of ABLV Bank Headquarters in New Hanza City Approved

Riga, Latvia, January 12, 2016, 15:21 / Banking

At the end of 2015, construction projects to be implemented among the first ones within the initiative of a financial and recreation centre located in New Hanza City (NHC), a territory developed by Pillar, obtained concurrence. Consequently, construction projects of ABLV Bank headquarters, multifunctional office building and engineering communications received all necessary approvals.

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