Continuing the bond issue programme, ABLV Bank, AS, will perform two more bond issues. The issues will be performed under the Third Bond Offer Programme, and the bonds will be admitted to the regulated market – NASDAQ OMX Riga list of debt securities.

On 23 October this year, ABLV Bank, AS, issued new subordinated bonds, the total amount of which equalled USD 15 000 000 at face value. The bonds were purchased by 26 customers of the bank. The issue was performed under the Third Bond Offer Programme, and the bonds are planned to be admitted to the regulated market – NASDAQ OMX Riga list of debt securities – on 25 October.

Continuing the bond issue programme, ABLV Bank, AS, has issued new coupon bonds to the amount of USD 50 000 000. The issue was performed under the Third Bond Offer Programme, and on 17 October the bonds will be admitted to the regulated market – NASDAQ OMX Riga list of debt securities.

In July, global financial markets demonstrated positive trends. Market players were focused on the statements made by the heads of the US Federal Reserve and the ECB.

In June, global financial markets (stock and bond markets) both demonstrated simultaneous decline, which is possible when market movements are determined not by fundamental indicators, and not even by technical indicators, but by market sentiment.

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

In May, trends of the previous months continued on the global stock market – markets of developed countries were growing, and those of most emerging countries declined.

On 9 May 2013, the Council of the Financial and Capital Market Commission (FCMC) approved registration of the Base Prospectus of ABLV Bank, AS, Third Bond Offer Programme, allowing the bank to perform public offering of debt securities amounting to LVL 200 000 000 or equivalent amount in EUR or USD.

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.

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.