November was quite calm for the financial market, although in the first half of the month one could notice increased volatility, which was mainly related to the technical correction upon an extremely intense rally in October.

October 2015 turned out to be the best month the world stock market experienced during past years. The market showed the best month performance ever since October 2011 and the seventh best result over the last 25 years.

September did no good for investors. Following a rapid price drop in financial markets in August that was caused by the People's Bank of China, the market stabilized and began to recover, paying most attention to another FRS meeting.

ABLV Bank decided to perform premature redemption of the subordinated bond issue that took place in 2010. On 15 September 2015, USD bonds (ISIN: LV0000800845) will be redeemed in full at the price of face value.

In the global stock market, August turned out to be rather nervous and worrisome for investors. The first half of the month boded no ill, markets of Europe and China were gradually recovering after a slump at the end of July, US market indexes remained within narrow band close to record levels.

In July, global financial market remained rather volatile, and positive trends prevailed. At the beginning of the month, referendum was held in Greece to decide whether the country should agree to the creditors’ preconditions for providing another financial aid tranche to Greece.

June turned to be very stressful for the global financial market. In the first half of the month, everybody waited for FRS meeting, following which more or less clear signals should have been given regarding the prospects of interest rates growth in the USA. There were some fears that the rhetoric of FRS representatives could have been rather strict, therefore, in the majority of markets, both equity and bond ones, negative tendencies prevailed, and this resulted in the price decline. However, in reality everything turned less tragic. The announcements of the regulator’s representatives were milder than expected, moreover the long-term benchmarks of interest rate were decreased that lessened tension in the market and caused the price return.

Under the bond issue programme, ABLV Bank, AS has performed two more coupon bond issues, their total size amounting to USD 75 million and EUR 20 million at face value. During initial placement, the bonds were acquired by 72 and 31 investors respectively.

Greek nonpayment of debt to the IMF on 30 June, in reality, is not a default in the current meaning of this term. Therefore, this term does not exist in the glossary of the IMF, and the current situation is called “overdue debt”. It implies default interest and the termination of new loans from the IMF, but it does not initiate the insolvency process. In particular, it, in no way, hurts the relationship between the borrower and other lenders.

Mutual funds’ return as at 31.05.2015: