In June, the focus of the market players’ attention was the sessions of main central banks of the world and the UK referendum on the EU membership. However, it is fair to say that the results of central banks’ sessions were of much smaller concern for the investors, since no particular surprises were expected. The only thing that aroused some interest was the statement made by the FRS Chair Janet Yellen, namely, that ‘forces holding down interest rates may be long-lasting’, referring, inter alia, to the results of voting for Brexit.

Starting from 13 June 2016, changes in the Basic Information for Investors on ABLV Global Corporate USD Bond Fund become effective.

In May, the global stock market was still in a consolidation phase which started in April. Given the absence of some notable events, the main capital market indexes fluctuated between 3-5%. At the beginning of the month, some players tried once again to test the validity of the expression ‘Sell in May and go away’, due to which many stock markets experienced the pressure from sellers in the first half of the month. However, wide range of investors did not support this ‘initiative’, which added to the market recovery by the end of the month.

VISA Gold and VISA Gold Business payment cards, accounting services in new jurisdictions, residence permits and change of tax residency — these are the main aims of product and service innovations, which have been implemented for our clients’ convenience.

Another issue of ABLV Bank shares has been successfully completed, under which there were 2 700 000 registered shares issued. Following this, the bank’s share capital is comprised of 34 470 000 ordinary voting shares and 3 530 000 employee shares without voting rights attached. The newly issued shares constitute 7.8% of the bank’s voting share capital.

The results of Q1 evidence stable development of the bank and allow predicting that the objectives set for 2016 will be achieved. All the bank’s major performance indicators remain high, including capital adequacy and liquidity ratios.

In April, the global stock market took a little time off after quite good growth in March. Market participants again focused on the actions of central banks and corporate reports. Nothing specific was expected from the FRS or ECB, nevertheless, everybody was interested in the declamations of the heads of the central banks regarding the further monetary policy. The ECB highlighted the slight improvement of forecast of economic performance in the Eurozone and confirmed the will to use “all instruments”, if necessary, in order to achieve the target rate of inflation.

On 26 April, 2016, the Council of the Financial and Capital Market Commission approved registration of the Base Prospectus of ABLV Bank, AS, Sixth Bond Offer Programme, allowing the bank to perform public offering of debt securities amounting to EUR 400 million or equivalent amount in USD, pursuant to the particular final terms of public offer.

With the purpose of acquiring new target regions and being closer to its business partners, ABLV Advisory Services, SIA, a member of ABLV Group, has opened an office in the USA, one of the biggest countries of the world financial system.

The ordinary meeting of ABLV Bank, AS shareholders was held on 7 April 2016. At the meeting, the bank’s annual report and the consolidated report for 2015 were approved. Decisions were made on distribution of the bank’s profit for 2015, 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. In addition, other matters included in the agenda were considered and related documents were reviewed.