Emitents | ABLV Bank, AS (549300IHIJ7SCANBWN17) |
Veids | Finanšu pārskati |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2012-11-20 10:24:21 |
Versijas komentārs | |
Teksts |
Q3 2012 was very successful for ABLV Group. The business volume and all major performance indicators continued to grow. The bank’s profit amounted to LVL 10.9 million (EUR 15.4 million). In Q3 we continued gradually substituting long-term deposits with investments in bonds by performing another issue of ABLV Bank, AS bonds in July. Under the Second Bond Offer Programme, there was issue of 2-year bonds performed, the issue size being USD 50 million. The annual interest rate is floating: LIBOR 6M + 1.20% with coupon payment twice a year. The issue maturity date is 30 July 2014. The bonds were acquired by 58 bank’s customers, 20% of which are individuals, and 80% – legal entities. The issued bonds are included in NASDAQ OMX Riga list of debt securities, to ensure public quotation of the bonds. Investments in bonds allow customers to receive higher income than that under deposits and also ensure wider transaction opportunities — those can be purchased, sold or used as collateral to obtain financing, meanwhile retaining the investment amount and planned yield. NASDAQ OMX Riga stock exchange named our bank the largest issuer of corporate securities. At the end of September, there was a project of changing brand of ABLV Group companies operating in real estate area commenced. Since beginning their operations in 2008, this group of companies was known as ABLV Transform. Now they will have a new single brand – Pillar, continuing real estate development, management and trade. The potential of this line of business is evidenced by large-scale projects accomplished in recent years: Saules Rasa, Pine Breeze, Aristo, and Mārtiņa Nams 2. Another two important projects are nearing completion – Lielezeres Apartment House and Elizabetes Park House. During several years, Pillar has realized 450 objects in total. Currently, Pillar supervises more than 1200 properties worth about LVL 60 million (EUR 85.4 million), which is one of the largest real estate portfolios in Latvia. Financial indicators as at 30 September 2012 The profit of ABLV Bank, AS over 9 months of 2012 amounted to LVL 10.9 million (EUR 15.4 million). ABLV Group maintained growth in all lines of its business.
“We are satisfied with the results achieved. During nine months we have already fulfilled annual plans in all major lines of business. Almost two years after rebranding of our bank passed, and now we can be sure that the decision was right, now we see that the number of new customers notably increased without substantial investment in advertising. By virtue of our developed long-term business-model we are confident in the future, and in spite of the general situation in Europe next year we will continue to finance the concern and business expansion”, said the bank’s Chief Executive Officer, CEO, Ernests Bernis. ABLV Bank is the largest independent private bank in Latvia. The bank’s majority shareholders — Oļegs Fiļs, Ernests Bernis and Nika Berne – directly and indirectly hold 86% of the bank's share capital. ABLV Group includes ABLV Bank, ABLV Bank Luxembourg, S.A.; AS; ABLV Capital Markets, IBAS; ABLV Asset Management, IPAS; Pillar Holding Company, KS; ABLV Consulting Services, AS; ABLV Corporate Services, SIA; New Hanza City, SIA, and other companies. ABLV Group has representative offices in Moscow, St. Petersburg, Yekaterinburg, Kiev, Odessa, Minsk, Almaty, Dushanbe, Baku, and Tashkent. Ilmārs
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