ABLV Bank led one of the biggest deals this year in Latvia

15.09.2014

ABLV Bank participated in successful carrying out the transaction for the sale of shares of the capital terminal for transshipment of liquid ammonia «Ventamonjaks», located in the Freeport of Ventspils. This deal is one of the most significant transactions in the industry of transit cargo lately. The amount of funding from ABLV Bank amounted to 33 million euros.

Oleg Fil, chairman of ABLV Bank Board, appreciates the transaction: "We believe that in the current economic climate it is important to support major projects in the field of transit and transportation ... It is noteworthy that this is one of the biggest deals this year. ABLV Bank glad to contribute to significant projects for Latvia that can have impact on the development of entrepreneurship, the economic condition of the state and its residents. After all, these projects always mean an increase in tax payments to the budget. "

Source: www.ablv.com

Expert’s opinion

 Successful serious deal is undoubtedly evidence of good standing of the bank.

And the clients of ABLV Bank shall be pleased.

Well, it is an additional “pro” for those ones who is just choosing the bank to save one’s assets

Yaroslav Lomakin ( Managing Partner, Honest&Bright)