Riga, Latvia, 2016-06-02 11:42 CEST (GLOBE NEWSWIRE) -- ABLV Bank offers several innovations in products and services. They include arrangement of bond issues for clients, contactless payments cards, and others.
Arrangement of Bond Issues for Clients
ABLV Bank bond issue programme was launched in 2011. During these five years, the bank has accumulated large experience of issuing debt securities and now is ready to arrange bond issues for clients, which are an alternative source of raising financing for the company.
Bond issue allows company to raise additional financing both with the collateral and without it, generally, for the term much exceeding that possible in case of loans. The costs of such raising of resources are relatively lower, and diversification of investor base is possible as well. Bond issues form positive credit history of the company and enable improvement of reputation, as the company goes public.
Contactless Payments Cards
Following the latest global trends in the payment card area, ABLV Bank implements contactless authorization in payment cards.
New ABLV cards, which are being issued as of May this year, enable making payments not just according to the known procedure of using the card’s chip or magnetic stripe but also by touching the card on a reader. Moreover, in case of small amounts there is no need to enter a PIN.
Full information on innovations in ABLV Bank products is available at the bank's website.
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 86.55% 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; New Hanza City, SIA, and other companies. ABLV Group has representative offices in Moscow, St. Petersburg, Vladivostok, Kiev, Odessa, Minsk, Almaty, Baku, Tashkent, Hong Kong, Limassol, and New York.
Ilmārs Jargans
Head of Public Relations Department
ABLV Bank, AS
Tel.: +371 6777 5296
e-mail: ilmars.jargans@ablv.com