\ ABLV Bank shareholders approved results of 2016 and made a decision on payment of dividends
Company News: Page (1) of 1 - 04/21/17

ABLV Bank shareholders approved results of 2016 and made a decision on payment of dividends

April 21, 2017 --

Riga, Latvia, 2017-04-21 15:57 CEST (GLOBE NEWSWIRE) -- On 21 April 2017, an ordinary meeting of ABLV Bank, AS shareholders was held. At the meeting, the banks consolidated and separate annual report for 2016 were approved, decisions on allocation of the banks profit for 2016 were made, and other matters were considered.

As reported earlier, the ABLV Bank profit for 2016 amounted to EUR 79.3 million. As at 31 December 2016, the banks assets equalled EUR 3.85 billion, and deposits EUR 2.90 billion. ROE reached 27.26%, and ROA 1.85%, as at 31 December 2016.

The meeting of shareholders approved the Boards proposal on allocation of the profit for 2016, according to which EUR 73.2 million will be paid in the form of dividends, and dividends per banks share will amount to EUR 1.91.

Also the shareholders of ABLV Bank elected LLC KPMG Baltics SIA to be the auditor for verifying the banks consolidated and separate annual report for 2017.


The shareholders took note of the Statement of Corporate Governance for 2016. The text of the Statement, as well as the banks consolidated and separate annual report for 2016 are available at the banks website www.ablv.com.

This announcement contains inside information.

ABLV Bank, AS is the largest independent private bank in Latvia. The banks major shareholders O?egs Fi?s, 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; Pillar Development, 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.

 

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

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