News and Reviews

Profit of ABLV Bank, AS, in 2013 – EUR 43.7 million

Riga, Latvia, February 28, 2014, 16:27 / Banking

Although the year 2013 was controversial for the global economy, it was successful for ABLV Bank and the group. In September, the bank also celebrated its 20th anniversary. We started operations being one of the smallest banks, and due to steadily pursuing elaborated strategy our bank not only has successfully managed to overcome all crisis situations, meanwhile retaining its independence, but it also has become the largest private bank and one of the three biggest banks in Latvia in terms of the amount of assets.

Record-high number of investors acquired ABLV Bank bonds

Riga, Latvia, February 17, 2014, 13:52 / Banking

Continuing the bond issue programme, ABLV Bank, AS, has performed two new issues of coupon bonds, the total amount of which equalled USD 75 000 000 and EUR 20 000 000 at face value. More than 50 investors participated in acquiring bonds of each issue. This is the highest demand for our bonds so far. The amount of bond issue in USD was increased from USD 50 million to USD 75 million, due to large demand.

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

Riga, Latvia, February 7, 2014, 16:48 / Investments

January in global stock market can be divided into two parts. During the first half of the month, trends of the previous year were continued – decoupling in stock markets of developed and emerging countries.

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

Riga, Latvia, January 9, 2014, 14:46 / Investments

In the world’s financial market, December was marked by long-awaited termination of QE3 programme, announced by the Federal Reserve System (FRS).

Public offer of two new bond issues is about to start

Riga, Latvia, December 9, 2013, 10:21 / Investments

Continuing the bond issue programme, ABLV Bank, AS, will perform two more bond issues. The issues will be performed under the Third Bond Offer Programme, and the bonds will be admitted to the regulated market – NASDAQ OMX Riga list of debt securities.

ABLV Bank, AS, established new company – AmberStone Group, AS

Riga, Latvia, December 2, 2013, 13:25 / Banking

ABLV Bank, AS, has established new company – AmberStone Group, AS, investing EUR 4.9 million in its share capital. AmberStone Group, AS, will operate as holding company, managing its own investments.

Profit of ABLV Bank, AS over 9 months of 2013 – LVL 25.5 million (EUR 36.3 million)

Riga, Latvia, November 20, 2013, 09:20 / Banking

Q3 2013 was successful for ABLV Bank, AS and the group. The business volume and all major performance indicators continued to grow. Over 9 months of 2013, the group’s profit amounted to LVL 27.7 million (EUR 39.4 million), whereas profit of ABLV Bank, AS reached LVL 25.5 million (EUR 36.3 million).

ABLV Bank, AS, issued subordinated bonds

Riga, Latvia, October 23, 2013, 09:45 / Investments

On 23 October this year, ABLV Bank, AS, issued new subordinated bonds, the total amount of which equalled USD 15 000 000 at face value. The bonds were purchased by 26 customers of the bank. The issue was performed under the Third Bond Offer Programme, and the bonds are planned to be admitted to the regulated market – NASDAQ OMX Riga list of debt securities – on 25 October.

ABLV Bank, AS, issues new coupon bonds

Riga, Latvia, October 16, 2013, 15:40 / Investments

Continuing the bond issue programme, ABLV Bank, AS, has issued new coupon bonds to the amount of USD 50 000 000. The issue was performed under the Third Bond Offer Programme, and on 17 October the bonds will be admitted to the regulated market – NASDAQ OMX Riga list of debt securities.

ABLV Bank, AS, increases its equity

Riga, Latvia, October 3, 2013, 10:40 / Banking

On 30th of September this year, there was an extraordinary general meeting of ABLV Bank, AS, shareholders held. At the general meeting shareholders decided to approve ABLV Bank, AS, condensed consolidated financial report for the first half of 2013. Shareholders decided to leave the bank’s profit for the first half of 2013 undistributed and to include it in full in the bank’s Tier 1 equity capital. The bank’s profit for the first half of this year is equal to LVL 15 153 829.

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