ABLV BANK my review of this bank and what you need to know before you consider them to be the right offshore bank for your needs.
Most banks that Ive been through for almost three years have been focused only on doing their job of providing money. Customers like me do not need money alone. As a customer, it is important that the bank that I am dealing with attends to my needs and inquiries to the best of its ability. ABLV Bank is one bank that manages to do just that.
Aizkraukles Banka (or ABLV Bank) is a bank registered in Latvia. It was founded in the city of Aizkraukle, based on the Bank of Latvia regional branch located therein. Being a member the Association of Latvian Commercial Banks, it serves not only Latvian banks in domestic markets, but also those in foreign markets. It certifies banking specialists and arranges professional seminars for its employees and staff members.
One remarkable goal of ABLV Bank is its active participation in the operations of other financial and professional institutions, in line with its aim to develop Latvia as a regional financial center. Currently, ABLV bank is the largest independent private bank in Latvia. It seeks to preserve and increase the capital of its clients by providing them both financial and advisory services. Its ultimate goal is to become the leading independent private bank in Eastern Europe and to be the first bank which combines traditional banking services, asset management, and advisory banking services in a single client-tailored offering. This is an exlusive review for the cclogic forum.
ABLV Bank?s financial standing serves as proof of it being the largest private bank in Latvia. For the first three quarters of 2014, the bank?s profit amounted to EUR 50 million. Its capital and reserves amounted to EUR 219.9 million, its capital adequacy ratio is at 16.71% and its liquidity ratio is at 85.22%. This means that ABLV Bank has sufficient cash and capital to give to its customers and to maintain its capital reserves without going bankrupt. Its return on equity is at 34.14% and its return on assets is at 1.86%. This means that almost all of its assets are used and distributed to make profit.
Because of its outstanding financial performance, ABLV Bank has various clients who are interested in private financial decisions and personal approaches in dealing with financial matters. The bank ensures that its relationship with its clients is maintained, and that it remains to be the best financial partner and expert in both private and corporate wealth management.
ABLV Bank has a wide range of services such as investment banking, settlement products, asset management, financial consultations, and real estate management. It offers settlement and cash banking services, remote account management, payment cards, brokerage banking services, electronic trade and securities custody, legal and tax advice, citizenship and residence permits, and administrative banking services. This is an exlusive review for the cclogic forum.
Its banking services are inclined to increase return on capital, attract funding, build optimal payment systems with clients and partners, reduce tax expenses, protect the assets of its clients, ensure compliance with regulations, and ensure the reliability of investments. It also gives advice on how to freely manage personal funds, how to buy real estate properties, and how to start doing charity work.
ABLV Bank?s team is composed of private bankers who have good understanding of both banking and business laws in different countries, so they are able to give effective and applicable advice to their clients regarding financial and legal matters. They are able to find a proper solution without violating laws and regulations set by authorities. It also has brokers to assist clients who choose to manage their investment portfolios on their own.
ABLV Bank is indeed, an institution inclined to perform not just for itself, but also for its clients.
Read more.. Accenture Press Release, 05 August 2009: Accenture Shareholders Approve Change in Place of Incorporation
Most banks that Ive been through for almost three years have been focused only on doing their job of providing money. Customers like me do not need money alone. As a customer, it is important that the bank that I am dealing with attends to my needs and inquiries to the best of its ability. ABLV Bank is one bank that manages to do just that.
Aizkraukles Banka (or ABLV Bank) is a bank registered in Latvia. It was founded in the city of Aizkraukle, based on the Bank of Latvia regional branch located therein. Being a member the Association of Latvian Commercial Banks, it serves not only Latvian banks in domestic markets, but also those in foreign markets. It certifies banking specialists and arranges professional seminars for its employees and staff members.
One remarkable goal of ABLV Bank is its active participation in the operations of other financial and professional institutions, in line with its aim to develop Latvia as a regional financial center. Currently, ABLV bank is the largest independent private bank in Latvia. It seeks to preserve and increase the capital of its clients by providing them both financial and advisory services. Its ultimate goal is to become the leading independent private bank in Eastern Europe and to be the first bank which combines traditional banking services, asset management, and advisory banking services in a single client-tailored offering. This is an exlusive review for the cclogic forum.
ABLV Bank?s financial standing serves as proof of it being the largest private bank in Latvia. For the first three quarters of 2014, the bank?s profit amounted to EUR 50 million. Its capital and reserves amounted to EUR 219.9 million, its capital adequacy ratio is at 16.71% and its liquidity ratio is at 85.22%. This means that ABLV Bank has sufficient cash and capital to give to its customers and to maintain its capital reserves without going bankrupt. Its return on equity is at 34.14% and its return on assets is at 1.86%. This means that almost all of its assets are used and distributed to make profit.
Because of its outstanding financial performance, ABLV Bank has various clients who are interested in private financial decisions and personal approaches in dealing with financial matters. The bank ensures that its relationship with its clients is maintained, and that it remains to be the best financial partner and expert in both private and corporate wealth management.
ABLV Bank has a wide range of services such as investment banking, settlement products, asset management, financial consultations, and real estate management. It offers settlement and cash banking services, remote account management, payment cards, brokerage banking services, electronic trade and securities custody, legal and tax advice, citizenship and residence permits, and administrative banking services. This is an exlusive review for the cclogic forum.
Its banking services are inclined to increase return on capital, attract funding, build optimal payment systems with clients and partners, reduce tax expenses, protect the assets of its clients, ensure compliance with regulations, and ensure the reliability of investments. It also gives advice on how to freely manage personal funds, how to buy real estate properties, and how to start doing charity work.
ABLV Bank?s team is composed of private bankers who have good understanding of both banking and business laws in different countries, so they are able to give effective and applicable advice to their clients regarding financial and legal matters. They are able to find a proper solution without violating laws and regulations set by authorities. It also has brokers to assist clients who choose to manage their investment portfolios on their own.
ABLV Bank is indeed, an institution inclined to perform not just for itself, but also for its clients.
Read more.. Accenture Press Release, 05 August 2009: Accenture Shareholders Approve Change in Place of Incorporation
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Seems to be stable enough for the majority of forum users who seek alternatives to the Cyprus banks.
