Riga, Latvia, 2012-03-01 08:49 CET (GLOBE NEWSWIRE) -- NASDAQ OMX Riga informs that as of today ABLV Bank, AS has been granted stock exchange membership. Thus ABLV Bank is the twenty-seventh entity that has obtained NASDAQ OMX Riga member status.
As to ABLV Bank and its clients, NASDAQ OMX Riga membership allows direct trading with equities, debt securities and investment fund units listed on the Latvian securities market. In the future, it will also enable ABLV Bank to provide liquidity to the bank’s own issued bonds.
ABLV Bank stock exchange member code shall be ABLV. As of today, NASDAQ OMX in the Baltics have altogether 37 members – both domestic and international banks and brokerage companies.
„We are satisfied for having joined NASDAQ OMX. In a very near future, we intend to list our own bonds on the NASDAQ OMX Riga bond market. We are planning to become one of the most active stock exchange members, because we expect to have further bonds issues, and we are going to offer them to our clients and also other investors, thus replacing long-term deposits with bonds as more liquid investment instrument with higher yields,” remarks Ernests Bernis, Chairman of the Management Board, ABLV Bank.
About ABLV Bank*
ABLV Bank is the largest independent private bank in Latvia. The bank’s major shareholders Oļegs Fiļs, Ernests Bernis and Nika Berne, directly or indirectly, altogether hold 86% of the bank’s share capital. ABLV group companies are ABLV Bank, AS; ABLV Capital Markets, IBAS; ABLV Asset Management, IPAS; ABLV Transform Partnership, 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, Jekaterinburg, Kiev, Odessa, Minsk, Almaty, Dushanbe, Baku and Tashkent.
*Information provided by ABLV Bank.
More information about ABLV Bank: http://www.ablv.com/
More Information about NASDAQ OMX Baltic sercurities market: http://www.nasdaqomxbaltic.com/
About NASDAQ OMX
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Anda Zvīgule
Corporate Communications Specialist, NASDAQ OMX Riga
Tālr.: +371 67 212 431