News and Reviews

Global Financial Market: Topical Issues in April 2012

May 10, 2012, 11:38 / Investments / Leonid Alshanskiy

Macroeconomic reports published in April, including the first results on GDP in Q1 2012, indicated a general weakening of global economic growth, with a more difficult situation localizing in developed Europe.

ABLV Bank increase equity capital to LVL 15 million

Riga, Latvia, April 27, 2012, 18:05 / Banking

Issue of ABLV Bank, AS new shares has been successfully completed. 10 600 shares have been issued additionally to 121 000 that constituted the bank share capital before, including 110 000 shares with voting rights and 11 000 employee shares without voting rights. Employee shares have been issued in March 2012 and divided among 21 senior managers of the bank.

ABLV Capital Markets, IBAS and ABLV Asset Management, IPAS ended 2011 with profit

Riga, Latvia, April 16, 2012, 09:20 / Investments

ABLV Bank affiliate companies working in the field of investments — ABLV Capital Markets, IBAS, which provides brokerage services, and ABLV Asset Management, IPAS, managing open-end investment funds — ended the year 2011 with good results, despite complicated situation and volatility on financial markets.

Global Financial Market: Topical Issues in March 2012

April 11, 2012, 10:00 / Investments / Leonid Alshanskiy

Macroeconomic reports published in March continued to indicate a worsening economic situation in the euro area, whereas situation in the U.S. economy was more stable, though not brilliant.

ABLV Bank, AS Bonds to be Listed on NASDAQ OMX Riga

Riga, Latvia, March 15, 2012, 13:30 / Investments

Riga, Latvia, 15 March 2012. NASDAQ OMX Riga reports that as of March 19, 2012 ABLV Bank, AS bonds will be listed on the NASDAQ OMX Baltic Bond list. As a result of issuing bonds denominated in EUR and USD in three separate issues, ABLV Bank, AS raised funds from investors at total value over 33.6 million LVL.

Global Financial Market: Topical Issues of February 2012

March 12, 2012, 10:00 / Investments / Leonid Alshanskiy

Macroeconomic reports published in February, including those on GDP 2011, confirmed the increasing economic problems in Europe and Japan, while situation in the economies of U.S. and developing countries was more positive.

ABLV Bank Becomes a NASDAQ OMX Riga Member

Riga, Latvia, March 1, 2012, 10:00 / Investments

Riga, Latvia, 1 March 2012. NASDAQ OMX Riga informs that as of today ABLV Bank, AS has been granted stock exchange membership. Thus ABLV Bank is the twenty-seventh entity that has obtained NASDAQ OMX Riga member status.

ABLV Bank, AS closed 2011 with profit of LVL 19.1 million

February 28, 2012, 12:00 / Banking

Riga, Latvia, 28 February 2012. Following its chosen business strategy and implementing all planned measures, ABLV Group achieved a notable growth in 2011. This is evidenced by the bank's audited financial indicators:

Cyprus removed from Russia's notorious 'blacklist'

Riga, Latvia, February 24, 2012, 10:00 / Advisory / Jurisdictions: Russia, Cyprus

Russia's lower house of parliament, the Duma, has ratified the pending Protocol to the double tax avoidance agreement with Cyprus, confirming removal of the nation from Russia's notorious 'blacklist'.

Binding rulings and advance pricing agreements introduced in Lithuania

February 15, 2012, 10:00 / Advisory / Jurisdiction: Lithuania

In October 2011 the Lithuanian Tax Authority under the Ministry of Finance of the Republic if Lithuania approved the rules on filing an application for a biding ruling or APA, “Examination of applications, decision making und change”.