In June 2017, Pillar Development, SIA, a company of ABLV Group, founded a new subsidiary — Hanzas Dārzs, SIA with share capital of EUR 300,000. Accordingly, ABLV Bank, AS shall have significant indirect interest in the said company.

Hanzas Dārzs, SIA is going to manage the development of the land plot of 1.6 ha at the New Hanza territory making a park there and undertaking its maintenance. As reported, the park is going to be located at the very centre of New Hanza territory opposite the future building of Latvian Museum of Contemporary Art.

Ieva Valtere has been elected the Chairperson of the Board of Hanzas Dārzs, SIA, while Roberts Meiers will be Member of the Board.

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 87.03% 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