News and Reviews

ABLV Bank, AS, audited profit in H1 2014 – EUR 32.9 million

Riga, Latvia, August 21, 2014, 09:36 / Banking

During the first half of 2014, the bank and other companies of ABLV Group continued to grow, due to consistent implementation of the group’s development strategy. Although the situation in several our target markets was complex and strained, we managed to achieve planned results due to our thoroughly chosen business model, risk management, and cautious policy.

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

Riga, Latvia, August 5, 2014, 14:00 / Investments

In the global stock market, July turned to be challenging, being influenced by various dynamics in the securities markets in different regions of the world. The US markets and markets of emerging countries felt quite stable.

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

Riga, Latvia, July 2, 2014, 17:00 / Investments

June turned to be rather boring in the financial markets; it was determined by the activity decay practically in all segments of the market due to the beginning of summer season.

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

Riga, Latvia, June 3, 2014, 15:25 / Investments

May, in spite of its bad reputation due to a famous saying “Sell in May and go away” turned to be successful for investors both in the stock and bond markets. At the beginning of the month in the stock markets certain nervousness still remained, which was caused by continuous political tension in Ukraine and the anticipation of the elections to the European Parliament with potential risk of “ultra-rights” and “euro-skeptics” getting the majority of seats. It could have caused the atmosphere of political instability in Europe and complicated the process of decision making.

ABLV Bank, AS, profit in Q1 2014 – EUR 16.6 million

Riga, Latvia, May 30, 2014, 14:16 / Banking

Although the global political events cause certain risks for future growth of Latvian economy, Latvia remains being one of the most rapidly developing countries of the European Union, and its financial sector demonstrates even better performance.

ABLV Bank increases its equity by EUR 27 million

Riga, Latvia, May 28, 2014, 15:15 / Banking

Another issue of ABLV Bank shares that lasted from 7th of April till 16th of May was completed successfully. Within this issue 2 243 062 ordinary registered voting shares were issued. After the issue, the bank’s share capital is composed of 29 385 000 ordinary voting shares and 3 015 770 employee shares without voting rights. The newly issued shares constitute 7.6% of the bank's voting share capital.

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

Riga, Latvia, May 6, 2014, 16:40 / Investments

In April the situation in Ukraine remained the centre of attention. The tension in the Southeastern region of Ukraine was considered by the USA and the EU as a reason to prepare new, stricter economic sanctions against Russia, therefore bonds of Russian issuers continued to remain under pressure.

ABLV Bank Services were awarded in the Zelta monēta 2014 competition

Riga, Latvia, April 7, 2014, 14:38 / Banking

On Friday, 4th of April the Association of Commercial Banks of Latvia (ACBL) awarded winners in four categories in the Zelta monēta 2014 competition. The ABLV Bank service won one of the top prizes.

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

Riga, Latvia, April 3, 2014, 08:45 / Investments

March, unlike February, in global financial market appeared to be very uneasy. The escalation of crisis in Ukraine and growing tension around the Crimea, in particular, the announcement of Russia on readiness to ship the forces onto the territory of the neighboring country caused especially in the first days of the month panic sales of risky assets.

ABLV Bank, AS, will increase its equity capital by EUR 27 million

Riga, Latvia, April 2, 2014, 09:00 / Banking

On 31st of March 2014 at the regular ABLV Bank, AS, shareholders meeting, the decision on increasing the bank’s equity capital by EUR 27 million was made.

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