We became the stock exchange members in 2012, after starting the bank’s bond issue programme at the end of 2011 for the sake of gradual replacement of long-term deposits with investments in bonds. Investments in bonds allow our customers to receive higher income than that under deposits and also ensure wider transaction opportunities — the securities can be purchased, sold or used as collateral to obtain financing, meanwhile retaining the investment amount and planned yield.
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We have already performed 9 public bond issues earlier. Under the First Bond Offer Programme, there were 3 bond issues performed in 2011, and their face value amounted to EUR 25 million and USD 30 million. Whereas under the Second Bond Offer Programme, there were 6 issues performed, and their face value amounted to EUR 20 million and USD 145 million. All those bond issues have been included in NASDAQ OMX Riga list of debt securities.
According to NASDAQ OMX data, in 2012 ABLV Bank, AS, ensured 86.7% of the listed debt securities trading turnover in Riga market, whereas in the Baltics (Riga, Tallinn, Vilnius) we ensured 29.8% of the total trading turnover. This is the second best result among 14 members of the Baltic Stock Exchange.
The number of issues performed by us will be increased soon, as the bank’s customers can currently subscribe to three new issues: coupon bond issue of EUR 20 million, coupon bond issue of USD 50 million, and discount bond issue of USD 20 million for the sake of raising subordinated capital.
"ABLV Bank is a perfect example of business development and success in taking advantage of the opportunities offered by capital market. Over the year, the bank managed to become a competent market player both as the stock exchange member and the securities issuer," said NASDAQ OMX Riga Chairperson of the Board Daiga Auzi?a-Melalksne when presenting the award to ABLV Bank, AS, Chairman of the Council O?egs Fi?s.
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By GlobalDataThe Stock Exchange Annual Award combines two other awards presented earlier – Broker of the Year and the Stock Exchange Special Award. The award can be received for special contribution by a broker, company, or other person.
