ABLV Bank is the best bank in Latvia

02.08.2013

As one of the largest private banks in Latvia and the third in terms of assets, ABLV Bank was given a title as the best bank in Latvia, according to Euromoney. It should be noticed that nowadays Euromoney is one of the most influential and respectable publications in the banking and investment sector.

Such a high rating in the category of Euromoney Awards for Excellence 2013 ABLV Bank received because of its stability, in particular because of the dynamic development and fixed return (by the way, the first three months of 2013 it amounted to 11.8 million euros). Euromoney also notes that the bank in order to achieve effective results, replaces the long-term deposits to issued bonds.

Thus, as follows from the analysis of the key financial indicators, ABLV Bank can be called as one of the strongest participants in the banking sector in Latvia. And it is obvious that the chosen bank strategy is extremely effective to achieve the same high results in the future.

Based on: http://www.euromoney.com/

Expert’s opinion

Explicitly we can say that the bank chooses not only correct strategy in its development, but it exerts best efforts for its growth. In this situation we can’t say that the selected policy have an aggressive nature or have some oppressive influence to competitors. In fact, competent and intelligent management of the bank, which can be seen at the annual conference in Riga, demonstrates the strength, confidence and professionalism in their performance.

Last year ABLV was not afraid to re-brand and change its name.

They went outside the scope of Latvia and received the financial license in Luxembourg. Now there is an opportunity to use the financial sector not only in working with trading counterparties, but also in case of asset’s preservation and its growth.

There is a very strong team of analysts who are constantly make reviews of the financial market, there is a department which works with real estate matters in Latvia.

Once time becoming a customer of ABLV Bank, you can get not only advice for obtaining a residence permit in Latvia, but also with the help of the specialists you can buy an accommodation and become the owner of a residence permit in this maritime country.

Being in long and successful collaboration with the bank, our lawyers are always confident that the Client will be satisfied with the opening of a bank account in ABLV.

Irina Lomakina ( Director of Moscow office of “Honest&Bright” Company)