News and Reviews

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.

ABLV Bank placed bronze bull sculpture in New Hanza City territory

Riga, Latvia, September 20, 2013, 14:25 / Banking

Celebrating ABLV Bank 20th anniversary, there was bronze bull sculpture placed in the territory of future financial and business centre New Hanza City in Riga. The sculpture motto is Labor Omnia Vincit (Work conquers all), and it stands for the power of work, determination, self-belief, and confidence about the chosen path. This motto is ‘inherited’ from the one placed on the art nouveau building at 23 Elizabetes Street, where the bank’s central office is located. The sculpture was created by famous artist Gļebs Panteļejevs, who used a bull of Latvian Brown breed as a prototype, thus stressing that roots of sustainable wealth are to be found in this land and hard, persistent work. In terms of the size, the sculpture is one of the largest bronze sculptures created in Latvia during last 20 years.

ABLV Bank Luxembourg new products and services

Riga, Latvia, September 17, 2013, 10:40 / Banking

Fiduciary and overnight deposits, advisory investment management, likewise convenient and intuitive Internetbank, high ABLV customer service level, and traditions of biggest European investment centre — these are the major advantages of our new products and services.

ABLV Bank, AS audited profit in H1 2013 – LVL 15.2 million

Riga, Latvia, August 29, 2013, 13:35 / Banking

In H1 2013 increased customer activity was observed, and therefore, compared to H1 2012, operating income has increased by 24.4%. The number of active corporate and private banking customers has grown as well – by 9.9%, compared to the beginning of the period. Whereas allowances for credit losses were the lowest during the last 5 years. Therefore we managed to increase efficiency and actively make investments in future development.

ABLV Bank will prematurely redeem two issues of subordinated bonds

Riga, Latvia, August 23, 2013, 11:53 / Banking

ABLV Bank, AS Board decided to perform premature redemption of two subordinated bond issues that took place in 2008. On 1 October 2013, the bonds in EUR
(ISIN: LV0000800712) and USD (ISIN:LV0000800720) will be redeemed at their face value.

New representative office of ABLV Group – in Vladivostok

Riga, Latvia, August 8, 2013, 10:46 / Advisory

Since we always try to stay close to our customers, also in terms of geographical location, at the end of July, network of ABLV Group representative offices was expanded by one more – that in Vladivostok. This is already the fourth ABLV Group representative office in Russia (the other three are located in Moscow, St. Petersburg, and Yekaterinburg) and eleventh in total.

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