In November, in the global stock market an upward move formed in the second half of October kept prevailing, and as a result, the majority of global stock indexes concluded the month in positive territory.
News and Reviews
The Christmas charitable campaign is here!
For the eighth year in a row, in partnership with ABLV Bank, ABLV Charitable Foundation is organising a Christmas charitable campaign, in which ABLV Bank employees and clients as well as the general public, who wish to support the foundation’s objectives, is invited to make donations.
ABLV Bank, AS, profit for 9 months of 2014 – EUR 50.0 million
Although varying trends were observed in the world economy and economic growth slowdown was observed in some countries, Latvian economic indicators are continuing being among the best in the European Union. In Q3 2014, Latvian real gross domestic product (GDP), according to data without seasonal adjustment, grew by 2.1%. Q3 2014 was favourable for ABLV Bank, AS, and the group. The business volume continued to grow and the bank’s profit amounted to EUR 50.0 million.
Management company comment about ABLV open-end mutual funds in October
It has been so long since we last saw such amusement as this “rollercoaster” in the financial markets. That is how the situation settled in October in the global stock markets can be best described. As a result of this rapid growth of volatility, investors, used to calm and steady sequence of events, started to panic.
Record-high demand for ABLV Bank bonds
Continuing the bond issue programme started in 2011, ABLV Bank, AS, has performed three new bond issues: two straight coupon bond issues of USD 75 000 000 and EUR 20 000 000, and subordinated bond issue of EUR 20 000 000 at face value. During the public offer, straight bonds denominated in dollars were purchased by 112 investors, straight bonds in euro – by 54 investors, and 20 investors purchased subordinated bonds. This is a record-high demand for our bonds in the history of bond issue programme.
In the ECB banking comprehensive assessment ABLV Bank, AS showed good results
As it is known, on 4th of November the Single Supervisory Mechanism (SSM) will come into force. SSM is a framework in which the European Central Bank (ECB) will conduct direct supervision of largest banks of the euro area. Being assisted by national supervisory authorities, the ECB will attend to safety and soundness of the European banking system.
Disclosing dual citizenship or foreign residency permit by Russian citizens
On 4 June 2014, the president Vladimir Putin signed Federal Law on Russian Federation Citizenship and legislative acts requiring Russian citizens with foreign passports to report their second citizenship or foreign residency permit to the Federal Migration Service (FMS) with the announced deadline of 2 October 2014.
The value of assets in ABLV mutual funds exceeds EUR 100 million
ABLV Bank will participate in Intax Wealth Latvia conference
From 22nd to 23rd of October in Riga already second in a row an international conference and exhibition Intax Wealth Latvia, dedicated to asset planning of individuals and wealth structuring of affluent clients, will take place. Our bank is one of the event’s sponsors.
Management company comment about ABLV open-end mutual funds in September
In September, the ECB and the FRS particularly influenced the global financial market as careful attention was compelled to the results of these meetings.