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.

On 20 December this year, address of ABLV Group representative office in Tashkent has been changed.

Q3 2012 was very successful for ABLV Group. The business volume and all major performance indicators continued to grow. The bank’s profit amounted to LVL 10.9 million (EUR 15.4 million).

ABLV Bank Luxembourg announces today that the Luxembourg Ministry of Finance has issued its licence for banking operations. ABLV Bank Luxembourg, S.A. is an independent company, the founder and sole shareholder of which is ABLV Bank, AS, a Latvian based bank. ABLV Bank, AS invested 20 millions euro in equity capital of Luxembourg subsidiary.

On 21 September this year, there was ABLV Bank, AS extraordinary general meeting of shareholders held.

In the first half of 2012, ABLV Group successfully continued implementation of major tasks set for this year: expansion of the group’s and the bank’s operations and increase of their profitability, alongside improvement of business risks managing methods.

mproving our services, we have expanded opportunities of financing against pledge of investment portfolio — now our clients will be able to obtain financing not only against pledge of financial instruments, but also against pledge of available funds in the cash account for brokerage services.

In the first quarter of 2012, the bank achieved excellent results in terms of all major indicators. The growth is based on long-term dedicated work and high customer activity, which evidences gradual economic rise.

Issue of ABLV Bank, AS new shares has been successfully completed. 10 600 shares have been issued additionally to 121 000 that constituted the bank share capital before, including 110 000 shares with voting rights and 11 000 employee shares without voting rights. Employee shares have been issued in March 2012 and divided among 21 senior managers of the bank.

Riga, Latvia, 28 February 2012. Following its chosen business strategy and implementing all planned measures, ABLV Group achieved a notable growth in 2011. This is evidenced by the bank's audited financial indicators: