In April, after things in Cyprus have calmed down, major global stock markets resumed living their own lives, and dynamics of stock indexes of particular countries were mostly determined by internal factors.

In its 2011 tax report, released on 25 April 2013, Europe's statistics agency identified Denmark as having the highest tax burden in the European Union, with income equivalent to 47.7 percent of the country's annual output.

Another issue of ABLV Bank shares has been completed successfully, under which 6 570 ordinary registered voting shares were issued. After the issue, the bank’s share capital is composed of 127 170 ordinary voting shares and 13 400 employee shares without voting rights; the newly issued shares constitute 5.2% of the bank's voting share capital.

Continuing gradual replacement of long-term deposits with bonds, we performed another bond issue under ABLV Bank, AS Second Bond Offer Programme. This time, we issued discount bonds for raising subordinated capital to the amount of USD 20 million.

In February, the global stock market showed the mixed dynamic. While in January everything was bought everywhere, in February the major financial markets began to live its separate lives, and the dynamic of the indexes of different countries was mainly determined by internal factors.

The year 2012 was marked by success and growth of ABLV Bank, AS and the group. The business volume continued to increase in all major lines of business, and the bank and its affiliate companies ended the year with great results.

Continuing gradual replacement of long-term deposits with bonds, ABLV Bank, AS performed another bond issue under the Second Bond Offer Programme. This time, there were straight bonds worth USD 50 million and EUR 20 million issued.

In January, most financial markets were elated. The surge of optimism and consequent high demand for risky assets was due to partly solving the “fiscal cliff” problem. In early January, the US president Barack Obama approved the law supposed to alleviate the “fiscal cliff” impact on the economy.

Stock exchange NASDAQ OMX Riga presented Stock Exchange Annual Award 2012 to ABLV Bank, AS, for important contribution to formation of Latvian securities market by expanding the range of available financial instruments and services.

Continuing its bond issue programme, ABLV Bank, AS will offer three more bond issues. The bonds will be issued under the bank’s Second Bond Offer Programme and admitted to the regulated market – NASDAQ OMX Riga list of debt securities.