A subsidiary of ABLV Bank, AS, the brokerage service provider ABLV Capital Markets, IBAS has founded a new company in the USA — ABLV Capital Markets USA LLC with share capital of USD 600,000. Thus ABLV Bank, AS obtains significant indirect shareholding in the aforementioned company.

For providing brokerage services, ABLV Capital Markets USA LLC is going to get all the necessary approvals in the USA in the nearest future.

ABLV Capital Markets, IBAS, which is handling buy and sale of all types of financial instruments if requested by clients, is one of the biggest brokerage service providers in Latvia. As of 31 December 2016, total assets of the company’s clients invested in financial instruments constituted EUR 1.27 billion.

This announcement contains inside information.

ABLV Bank, AS is the largest independent private bank in Latvia. The bank’s major shareholders Oļegs Fiļs, Ernests Bernis and Nika Berne directly and indirectly hold 87.03 % of the bank's voting share capital. ABLV Group includes ABLV Bank, AS; ABLV Bank Luxembourg, S.A.; ABLV Capital Markets, IBAS; ABLV Asset Management, IPAS; Pillar Holding Company, KS; ABLV Consulting Services, AS; ABLV Corporate Services, SIA; Pillar Development, SIA, and other companies. ABLV Consulting Services has representative offices in Moscow, St. Petersburg, Vladivostok, Kiev, Odessa, Minsk, Almaty, Baku, Tashkent, Hong Kong and Limassol.
 

         Ilmārs Jargans
         Head of Public Relations Department
         ABLV Bank, AS
         Tel.: +371 6777 5296
         e-mail: ilmars.jargans@ablv.com