New investment strategy, lombard lending and modern premises of representative office in Moscow — these are the main improvements in our products and services, which will be implemented for our clients’ convenience.
1. New investment strategy
ABLV Bank Luxembourg, S.A. renders services to the clients for more than two years already and offers two investment portfolio management services — Active Investment Advisory and Discretionary Portfolio Management.
Under the said services, the clients are able to choose among three types of investment strategies: Capital Preservation, Defensive, and Balanced ones.
Taking into account the demand, from January 2016, ABLV Bank Luxembourg will offer new investment strategy — Growth. This strategy is supposed for substantial increase of invested assets with acceptance of considerable risk of loss. Compared with the other strategies, the new one implies including much higher portion of shares in the client’s investment portfolio.
2. Lombard lending
We have prepared one more new service for clients of ABLV Bank Luxembourg — lombard lending, which will be available from 2016. This service is actually an overdraft on the current account, and we grant it against pledge of the portfolio under Active Investment Advisory or Discretionary Portfolio Management.
Using this service, the clients will be able to obtain funds without selling their investment portfolios, and those funds can be applied towards various purposes, e.g., increase of the investment portfolio. The term of the lombard loan is not limited (whereas the bank is entitled to request early repayment of the loan), and it can be obtained in USD and EUR.
Under the lombard loan available to clients of our Luxembourg bank, the ratio of the financing amount to the pledge is determined much more conservatively than under providing financing against pledge of investment portfolio, which is available to clients of the ABLV Bank.
3. Premises of ABLV representative office in Moscow have become more comfortable and attractive
ABLV group representative office in Moscow is our major representative office abroad and plays a great role in cooperation with Russian clients. It is also one of the busiest representative offices, as about 50 visitors come to it daily.
Although we liked the office location, the layout required considerable reconstruction — there were not enough meeting rooms, no reception of due quality, as well as open-space layout of workplaces needed to be arranged.
Large-scale reconstruction project was started in the second half of 2015 in cooperation with the reliable architect bureau well known to us — H2E, which also designed the interior of the bank’s offices in Riga. The investments in reconstruction amounted to about EUR 425 thousand, and in December this year Moscow representative office opened its doors to welcome visitors to renovated premises that meet ABLV group corporate style.