In September all open-end investment funds managed by us – both stock funds and bond funds – demonstrated good results and ended the month with an increase. All funds also showed considerable growth since the beginning of the year.

Continuing to implement the strategy of bond issue, ABLV Bank will offer three new bond issues. The bonds will be issued under the Second Bond Offer Programme and will be included in the regulated market – NASDAQ OMX Riga Debt Securities List.

Macroeconomic reports published in August, including data on GDP of many European countries for Q2 2012, confirmed weakening of the global economic process, especially in developed Europe.

Macroeconomic reports published in July, including the first preliminary data on GDP of several countries for Q2 2012, pointed to a significant weakening of global economic growth, which is largely due to continuing debt crisis in the euro area.

Subscription to another bond issue performed by ABLV Bank, AS has been completed. The issue was performed under the Second Bond Offer Programme, and its size is USD 50 million.

Given growing customers’ interest in trading of futures and options on futures, we offer a new product – electronic trading platform J-Trader ABLV.

Macroeconomic reports published in June continued to indicate that the debt crisis in the euro area has a negative impact on not only European but also the entire world economy.

Underwriting to ABLV Bank, AS bonds issued under the Second Bond Offer Programme has been completed. The investors were offered subordinated bonds in EUR and USD with maturity term of 10 years.

On 7 June 2012, the Council of the Financial and Capital Market Commission approved registration of the Base Prospectus of ABLV Bank, AS second bond offer programme, stating that under the Base Prospectus ABLV Bank, AS may perform public offering of debt securities to the amount of LVL 150 000 000, or equivalent amount in EUR or USD.

Macroeconomic reports published in May indicated not only the preservation of difficult economic situation in Europe, especially in the troubled euro area countries, but also the appearance of some negative signals in the American economy.