News and Reviews

Address of representative office in Tashkent has been changed

Riga, Latvia, December 27, 2012, 12:04 / Banking

On 20 December this year, address of ABLV Group representative office in Tashkent has been changed.

Credit Suisse will charge temporary excess balance fee

Riga, Latvia, December 11, 2012, 11:00 / Investments / Leonid Alshanskiy

At the beginning of December, Credit Suisse informed its customers about introducing temporary excess balance fee (the threshold criteria is to be announced later) from the 10th of December. According to unofficial data, the excess balance fee will be about 0.75% p.a.

Global Financial Market: Topical Issues in November

Riga, Latvia, December 7, 2012, 12:55 / Investments / Leonid Alshanskiy

Macroeconomic reports released in November once again confirmed that the economic situation in the euro zone and Japan continues to deteriorate, threatening to seriously weaken the pace of world economic growth in the ending year compared to 2011.

About performance of ABLV open-end mutual funds in November

Riga, Latvia, December 6, 2012, 15:47 / Investments

In November, situation on financial markets matched our expectations. In our previous comment, we noted that high volatility is possible on the stock markets following presidential elections in the USA. We expected the correction to be of speculative nature and not lasting for long.

Public consultation on revision of the OECD Transfer Pricing Guidelines completed

Riga, Latvia, November 26, 2012, 14:00 / Advisory

Public consultation on the proposed revision of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations was held on 12-14 November in the OECD headquarters in Paris.

ABLV Bank results in Q3 2012

Riga, Latvia, November 20, 2012, 10:25 / Banking

Q3 2012 was very successful for ABLV Group. The business volume and all major performance indicators continued to grow. The bank’s profit amounted to LVL 10.9 million (EUR 15.4 million).

Cyprus and Ukraine signed a double tax treaty

Riga, Latvia, November 20, 2012, 09:00 / Advisory / Jurisdictions: Cyprus, Ukraine

On 8 November 2012, the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income as well as Protocol to the Convention which forms an integral part of the Convention have been signed in Nicosia.

Global Financial Market: Topical Issues in October 2012

Riga, Latvia, November 9, 2012, 13:46 / Investments / Leonid Alshanskiy

Macroeconomic reports published in October were mixed, with a predominance of negative data for the euro zone and the signals of stabilization in the US and China economy, but at lower levels of growth.

Performance of ABLV open-end investment funds in October

Riga, Latvia, November 8, 2012, 11:11 / Investments

Net increase in value of investment certificates of funds managed by ABLV Asset Management:

Two more issues of ABLV Bank bonds completed

Riga, Latvia, November 5, 2012, 13:52 / Investments

Subscription to ABLV Bank, AS bond issues in USD and EUR has been completed, the issue size being USD 50 million and EUR 15 million. The issues were performed under the bank’s Second Bond Offer Programme. The bonds were purchased by 57 customers of the bank.

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