News and Reviews

Luxembourg Ranks Among Three Best Financial Centres in Western Europe

Riga, Latvia, October 3, 2016, 14:14 / Banking

According to the Global Financial Centres Index (GFCI), published by Z/Yen, a leading London-based think tank, Luxembourg has shown great result, having occupied 12th place, thus rising by 2 positions as compared to previously.

Our payment cards now also in US dollars

Riga, Latvia, September 29, 2016, 11:38 / Banking

We previously announced that ABLV Bank Luxembourg, S. A. had started to issue payment cards earlier this year. We already offer VISA Gold and VISA Gold Business cards in euros to our clients, who will be able to additionally benefit from payment cards in US dollars as of 1 October 2016.

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

Riga, Latvia, September 8, 2016, 11:12 / Investments

August was rather calm on global financial markets. In the midst of holiday season, there was not a lot of news, and given the absence of significant events, the investors opted for a waiting attitude.

ABLV Bank gained profit of EUR 45.3 million in H1 2016

Riga, Latvia, August 31, 2016, 09:42 / Banking

Although the first half of 2016 was marked by complex economic situation on some of the bank’s target markets, we managed to achieve and surpass the planned financial indicators, although adjustment of the bank’s business model has been initiated to ensure sustainability of the bank's operations.

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

Riga, Latvia, August 5, 2016, 17:25 / Investments

In July, the prices on global financial markets kept growing for almost all types of assets. The panic of June due to the unexpected results of the referendum concerning the membership of Great Britain in the European Union subsided rather quickly, and investors returned to the market. It can be partly explained by common understanding that the process of Great Britain leaving the EU will be quite long, thus preventing strong negative consequences. The statements of central banks, especially the ECB and Bank of England, regarding their readiness to provide support to financial markets and defuse the effect caused by Brexit, if necessary, played their role as well.

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

Riga, Latvia, July 6, 2016, 18:01 / Investments

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.

About changes concerning ABLV Global Corporate USD Bond Fund

Riga, Latvia, June 13, 2016, 09:30 / Investments

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

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

Riga, Latvia, June 7, 2016, 10:10 / Investments

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 payment cards and other summer innovations

Riga, Latvia, June 3, 2016, 14:21 / Banking

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.

ABLV Bank Equity Increased by EUR 38.2 Million

Riga, Latvia, June 3, 2016, 10:00 / Banking

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.

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