ABLV Bank, AS

ABLV Bank is a private Latvian bank, established in 1993. ABLV Bank operates as a universal bank in Latvia, offering retail and corporate banking products and services to natural persons and business entities. The bank also offers financial advisory, asset and investment management solutions.

Financials

Total Assets (2017)
3 685.39 mln EUR  (-4.27%)
Net Income (2017)
51.21 mln EUR  (-35.45%)

In 2017 total assets of ABLV Bank, AS were 3 685,39 mln EUR. In 2017 the bank's net income was 51,21 mln EUR.

ABLV Bank, AS participates in deposit guarantee scheme of Latvia. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Elizabetes iela 23, 1010, Rīga, Latvia
+371 6777 5222
+371 6777 5200

ABLV Bank, AS is headquartered in Rīga.

Bank Identifiers

BIC (SWIFT)
AIZKLV22
MFI ID
LV000410

Financial Positions

Total Assets (2017)
3 685.39 mln EUR  (-4.27%)
Total Equity (2017)
356.98 mln EUR  (+10.93%)

In 2017 total assets of ABLV Bank, AS were 3 685.39 mln EUR. Decline compared to the previous period (2016) was -4.27%. The evolution of the total assets of ABLV Bank, AS is shown at Chart 1 below.

Total Assets of ABLV Bank, AS.

Chart 1. Total Assets of ABLV Bank, AS.

Recent changes in total assets of ABLV Bank, AS and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 413.0 402.5 -2.55%
Loans 1 102.1 1 056.5 -4.14%
Total Assets 3 849.6 3 685.4 -4.27%
Table 1. Recent changes in total assets of ABLV Bank, AS (mln EUR).

Recent changes in total liabilities of ABLV Bank, AS and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 20.4 31.4 +54.08%
Deposits from other clients 3 444.9 3 231.4 -6.20%
Total Liabilities 3 849.6 3 685.4 -4.27%
Table 2. Recent changes in total liabilities of ABLV Bank, AS (mln EUR).

Profit and Loss

Net Income (2017)
51.21 mln EUR  (-35.45%)

Recent changes in gross profit of ABLV Bank, AS and its main components are shown in Table 3.

2016 2017 % change
Interest Income 84.2 78.5 -6.76%
Interest Charges -21.5 -19.6 -8.72%
Commission Income 45.4 36.7 -19.26%
Commission Charges -14.1 -11.9 -15.64%
Table 3. Recent changes in gross profit of ABLV Bank, AS (mln EUR).

In 2017 net income of ABLV Bank, AS was 51.21 mln EUR. Decline compared to the previous period (2016) was -35.45%. The evolution of the net income of ABLV Bank, AS is shown at Chart 2 below.

Net Income of ABLV Bank, AS.

Chart 2. Net Income of ABLV Bank, AS.

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Latvia are obliged to participate in Latvian deposit guarantee scheme.

In the case of ABLV Bank, AS failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  deposits, current account balance, salary accounts, savings accounts etc.
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of ABLV Bank, AS and its components are shown in the table below.

BIC  AIZKLV22
Bank BIC Code  AIZK
Country Code  LV (Latvia)
Location Code  22
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of ABLV Bank, AS is shown in the table below.

MFI ID  LV000410

European Presence: 2 banks in 2 countries

ABLV Bank, AS operates under the brand name ABLV Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Latvia

  •  (this bank) ABLV Bank, AS (Rīga)

Luxembourg

Banking Products in Latvia