News and Reviews

Value of ABLV mutual funds’ assets exceeded EUR 75 million

Riga, Latvia, May 9, 2013, 14:31 / Investments

The first four months of 2013 have been successful for open-end mutual funds managed by ABLV Asset Management, IPAS, and as at the end of April this year the total value of their assets exceeded EUR 75 million. Currently, 6 mutual funds are available to our customers, including 4 bond funds and 2 stock funds.

About performance of ABLV open-end mutual funds in April

Riga, Latvia, May 7, 2013, 17:16 / Investments

In April, after things in Cyprus have calmed down, major global stock markets resumed living their own lives, and dynamics of stock indexes of particular countries were mostly determined by internal factors.

Tax burden in Latvia is among the lowest in the European Union

Riga, Latvia, May 7, 2013, 10:00 / Advisory

In its 2011 tax report, released on 25 April 2013, Europe's statistics agency identified Denmark as having the highest tax burden in the European Union, with income equivalent to 47.7 percent of the country's annual output.

ABLV Bank increases its equity by LVL 11.5 million

Riga, Latvia, April 26, 2013, 11:06 / Banking

Another issue of ABLV Bank shares has been completed successfully, under which 6 570 ordinary registered voting shares were issued. After the issue, the bank’s share capital is composed of 127 170 ordinary voting shares and 13 400 employee shares without voting rights; the newly issued shares constitute 5.2% of the bank's voting share capital.

ABLV Bank, AS issued subordinated bonds amounting to USD 20 million

Riga, Latvia, March 18, 2013, 13:01 / Investments

Continuing gradual replacement of long-term deposits with bonds, we performed another bond issue under ABLV Bank, AS Second Bond Offer Programme. This time, we issued discount bonds for raising subordinated capital to the amount of USD 20 million.

About performance of ABLV open-end mutual funds in February

Riga, Latvia, March 7, 2013, 11:48 / Investments

In February, the global stock market showed the mixed dynamic. While in January everything was bought everywhere, in February the major financial markets began to live its separate lives, and the dynamic of the indexes of different countries was mainly determined by internal factors.

ABLV Bank, AS operating profit for 2012 – LVL 16.5 million (EUR 23.4 million)

Riga, Latvia, February 28, 2013, 12:20 / Banking

The year 2012 was marked by success and growth of ABLV Bank, AS and the group. The business volume continued to increase in all major lines of business, and the bank and its affiliate companies ended the year with great results.

ABLV Bank issued straight bonds worth USD 50 million and EUR 20 million

Riga, Latvia, February 26, 2013, 14:21 / Investments

Continuing gradual replacement of long-term deposits with bonds, ABLV Bank, AS performed another bond issue under the Second Bond Offer Programme. This time, there were straight bonds worth USD 50 million and EUR 20 million issued.

About performance of ABLV open-end mutual funds in January

Riga, Latvia, February 7, 2013, 12:48 / Investments

In January, most financial markets were elated. The surge of optimism and consequent high demand for risky assets was due to partly solving the “fiscal cliff” problem. In early January, the US president Barack Obama approved the law supposed to alleviate the “fiscal cliff” impact on the economy.

ABLV Bank received Stock Exchange Annual Award 2012

Riga, Latvia, January 28, 2013, 15:58 / Banking

Stock exchange NASDAQ OMX Riga presented Stock Exchange Annual Award 2012 to ABLV Bank, AS, for important contribution to formation of Latvian securities market by expanding the range of available financial instruments and services.

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