News and Reviews

Management company comment about ABLV open-end mutual funds in June

Riga, Latvia, July 7, 2015, 10:44 / Investments

June turned to be very stressful for the global financial market. In the first half of the month, everybody waited for FRS meeting, following which more or less clear signals should have been given regarding the prospects of interest rates growth in the USA. There were some fears that the rhetoric of FRS representatives could have been rather strict, therefore, in the majority of markets, both equity and bond ones, negative tendencies prevailed, and this resulted in the price decline. However, in reality everything turned less tragic. The announcements of the regulator’s representatives were milder than expected, moreover the long-term benchmarks of interest rate were decreased that lessened tension in the market and caused the price return.

ABLV Bank has successfully accomplished regular bond issues

Riga, Latvia, July 6, 2015, 08:15 / Investments

Under the bond issue programme, ABLV Bank, AS has performed two more coupon bond issues, their total size amounting to USD 75 million and EUR 20 million at face value. During initial placement, the bonds were acquired by 72 and 31 investors respectively.

Greek default — another challenge for the euro area

Riga, Latvia, July 3, 2015, 11:47 / Investments / Leonid Alshanskiy

Greek nonpayment of debt to the IMF on 30 June, in reality, is not a default in the current meaning of this term. Therefore, this term does not exist in the glossary of the IMF, and the current situation is called “overdue debt”. It implies default interest and the termination of new loans from the IMF, but it does not initiate the insolvency process. In particular, it, in no way, hurts the relationship between the borrower and other lenders.

Management company comment about ABLV open-end mutual funds in May

Riga, Latvia, June 8, 2015, 16:11 / Investments

Mutual funds’ return as at 31.05.2015:

ABLV Bank performance in Q1 2015

Riga, Latvia, May 28, 2015, 09:34 / Banking

In Q1 2015, ABLV Bank, AS gained the profit of EUR 20.1 million. Other major performance indicators of the bank remained high as well. This allows expecting that we will achieve the financial and growth objectives set for 2015.

Management company comment about ABLV open-end mutual funds in April

Riga, Latvia, May 7, 2015, 14:44 / Investments

Mutual funds’ return as at 30.04.2015:

About changes concerning ABLV mutual funds

Riga, Latvia, April 20, 2015, 17:00 / Investments

From 20 April 2015, changes in the following documents become effective:

Management company comment about ABLV open-end mutual funds in March

Riga, Latvia, April 7, 2015, 13:51 / Investments

The most awaited and significant event of the month for financial markets was the March 17–18 meeting of the Federal Reserve System by which conclusion the market players anticipated the clarification of the Central Bank position regarding terms and the degree of toughening of monetary policy.

Ordinary meeting of ABLV Bank, AS, shareholders took place

Riga, Latvia, April 1, 2015, 11:49 / Banking

The ordinary meeting of ABLV Bank, AS, shareholders was held on 31 March 2015. At the meeting, the bank’s consolidated report for 2014 was approved, the decisions on distribution of the bank’s profit for 2014, on increase of the bank’s share capital and approval of the terms of share capital increase, and on amendments to the bank’s Articles of Association were made, as well as other matters included in the agenda were considered and related documents were reviewed.

Management company comment about ABLV open-end mutual funds in February

Riga, Latvia, March 4, 2015, 11:37 / Investments

In February, in the global financial markets positive trends continued to prevail. The markets of corporate bonds and government bonds of emerging markets continued to recover after December fall while investors preferred risk to quality, therefore credit risk premiums lowered.