During 2014, the bank and other companies of ABLV Group continued to grow, due to consistent implementation of the group’s development strategy. Although several our target markets were considerably affected by political and economic instability, we managed to achieve the planned results because of our thoroughly chosen business model, risk management, and cautious policy.

For the eighth year in a row, the corporate charitable foundation ABLV Charitable Foundation organised a Christmas charitable campaign, in collaboration with ABLV Bank, during which ABLV Bank’s employees and clients were invited to make donations, along with any member of the general public, wishing to support the Foundation’s goals.

January turned to be full of events that may have a long-term impact on the global bond market. Among them, there were the announcement made by the ECB about a new programme of quantitative easing (QE), the depreciation of key interest rates performed by the regulators of several developed countries, the cut of Russia credit rating.

December turned to be a very complicated month in the markets of high-risk corporate bonds and government bonds of emerging countries. The most significant factor that caused a strong sell off in these markets was the continuation of unrestrained fall in oil prices.