ABLV Bank shareholders approved results of 2016 an
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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 bank’s consolidated and separate annual report for 2016 were approved, decisions on allocation of the bank’s 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 bank’s 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 Board’s 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 bank’s 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 bank’s 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 bank’s consolidated and separate annual report for 2016 are available at the bank’s website www.ablv.com .
This announcement contains inside information.
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; 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.
Ilmārs Jargans Head of Public Relations Department ABLV Bank, AS Tel.: +371 6777 5296 e-mail: ilmars.jargans@ablv.com
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