First increase of AmberStone Group, AS share capital has been successfully completed, and thus the capital has been increased by EUR 9.1 million, reaching EUR 14.0 million in total. ABLV Bank, AS, as well as several customers and shareholders of the bank took part in the share capital increase.

ABLV Bank ensured significant support to performance of this share issue and can also arrange other issues of AmberStone Group, AS securities in future.

Increase of the capital will allow AmberStone Group, AS to secure the position of one of the leading holding companies in Latvia and also make new investments in capital of promising companies this year.

Holding company AmberStone Group, AS was established to separate the business not related to rendering financial and banking services from ABLV Group. It is planned that till the end of 2015 the share capital of new company will be increased to EUR 25 million, also due to attracting new shareholders from ABLV Bank, AS shareholders, customers, and partners.

ABLV Bank, AS is the largest independent private bank in Latvia. The bank’s majority shareholders — Oļegs Fiļs, Ernests Bernis and Nika Berne – directly and indirectly hold 86% of the bank's 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; New Hanza City, SIA, and other companies. ABLV Group has representative offices in Moscow, St. Petersburg, Yekaterinburg, Vladivostok, Kiev, Odessa, Minsk, Almaty, Dushanbe, Baku, Tashkent, and Limassol.

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