Banking

ABLV Bank audited results for 2016 approved

Riga, Latvia, March 17, 2017, 15:25 / Banking

ABLV Bank Council and Board approved the bank’s and the group’s audited report for 2016. The bank gained profit of EUR 79.3 million in 2016.

Unaudited profit of ABLV Bank for 2016 – EUR 79.3 million

Riga, Latvia, February 27, 2017, 09:29 / Banking

Although last financial year can be said to be full of surprises, price fluctuations that were hard to explain, and historic turns, as well as the overall economic growth slowed down, ABLV Bank managed to achieve and surpass the planned results, gaining the historically highest profit so far.

Winter changes in products and services

Riga, Latvia, January 30, 2017, 13:35 / Banking

ABLV offers several innovations in products and services. They include companies for investments in commercial properties and corporate finance advisory.

ABLV Bank profit in Q3 2016 reached EUR 61.4 million

Riga, Latvia, November 28, 2016, 09:29 / Banking

Q3 2016 was favourable for ABLV Bank, AS and the group. All major business and efficiency indicators remained high.

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.

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.

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.

ABLV Bank ended Q1 2016 with profit of EUR 21.5 million

Riga, Latvia, May 27, 2016, 12:48 / Banking

The results of Q1 evidence stable development of the bank and allow predicting that the objectives set for 2016 will be achieved. All the bank’s major performance indicators remain high, including capital adequacy and liquidity ratios.

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