ABLV Group closed Q3 2011 with LVL 20.7 million profit

November 28, 2011, 12:15 / Banking

As early as at the end of 2010, ABLV management announced its plans to work with profit in 2011, and those plans are being successfully implemented. Due to growing amount of deposits and commission income, as well as excellent investment activities, the Group’s profit amounted to LVL 20.7 million as at 30 September 2011, whereas the bank’s profit was equal to LVL 19.6 million.

Profit of ABLV Group in H1 2011 amounted to LVL 9.8 million

August 23, 2011, 16:00 / Banking

In H1 2011, ABLV Group successfully reached its financial goals. Gradual economic recovery and increasing financial market activity facilitated achievement of great results, but most important was the effective business strategy chosen by the bank and thorough implementation of it. In terms of certain key indicators, progress of ABLV Bank was better than that of the market in general, allowing the bank to take leading positions in the Latvian banking sector.

Amount of deposits with ABLV Bank exceeds EUR 2 billion

July 18, 2011, 12:00 / Banking

At the end of the last week, the amount of deposits attracted by our bank exceeded EUR 2 billion.

ABLV establishes subsidiary bank in Luxembourg

July 14, 2011, 14:51 / Banking

ABLV Bank, AS has established ABLV Luxembourg, S.A., which is going to apply for a banking licence.

Increased rate for financing against securities

July 8, 2011, 17:33 / Banking

On Thursday, 7 July 2011, the European Central Bank decided to increase the interest rate in the eurozone by 0.25% to the level of 1.50%.

ABLV Group closed Q1 2011 with profit of LVL 5 million

May 24, 2011, 14:07 / Banking

Properly chosen business strategy enabled ABLV Bank to achieve and even surpass its financial targets. Clients high activity in first quarter of 2011 facilitated great financial performance demonstrated by ABLV.

ABLV Bank: new name and new brand of Aizkraukles Banka

May 23, 2011, 16:16 / Banking

Aizkraukles Banka has changed its name and implemented the bank’s new brand. From now on, its name will be ABLV Bank, AS. Alongside with the change of name and visual identity, the bank has completed the process of changing its business line, which is aimed at rendering tailored financial services in accordance with the highest standards.

Increased rate for financing against securities

April 11, 2011, 18:04 / Banking

On Thursday, 7 April 2011, the European Central Bank decided to increase the interest rate in the eurozone by 0.25% to the level of 1.25%.

Aizkraukles Banka performance in 2010

March 1, 2011, 14:13 / Banking

SIA Ernst & Young Baltic has completed audit of AS Aizkraukles Banka and the group report for the financial year 2010.

Aizkraukles Banka financial performance in December 2010

January 19, 2011, 14:18 / Banking

The Aizkraukles Banka performance results as of 31 December 2010 have been summarized. During the year, the amount of the bank’s assets has grown by LVL 402.2 million, i.e. 38.4%. As at 31 December, the total amount of the bank’s assets equalled LVL 1.449 billion.

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