Continuing gradual replacement of long-term deposits with bonds, we performed another bond issue under ABLV Bank, AS Second Bond Offer Programme. This time, we issued discount bonds for raising subordinated capital to the amount of USD 20 million.

In February, the global stock market showed the mixed dynamic. While in January everything was bought everywhere, in February the major financial markets began to live its separate lives, and the dynamic of the indexes of different countries was mainly determined by internal factors.

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

In January, most financial markets were elated. The surge of optimism and consequent high demand for risky assets was due to partly solving the “fiscal cliff” problem. In early January, the US president Barack Obama approved the law supposed to alleviate the “fiscal cliff” impact on the economy.

Continuing its bond issue programme, ABLV Bank, AS will offer three more bond issues. The bonds will be issued under the bank’s Second Bond Offer Programme and admitted to the regulated market – NASDAQ OMX Riga list of debt securities.

Last year was especially successful for open-end mutual funds managed by ABLV Asset Management, IPAS, and at the beginning of January this year total value of their assets exceeded EUR 50 million.

The year 2012 was marked by noticeable slowing of world economic growth compared to 2011.

In December, market players followed exciting American blockbuster (or rather a comedy?) “Fiscal Cliff”, the central figures in which were Republican and Democratic leaders.