Business in Latvia: Bitcoin - Fraud? Ponzi scheme?

Business in Latvia blog felt the need to write about this digital currency as more and more information kicks in.

In this Article we will answer on questions such as:

• What is Bitcoin?
• Where can you acquire one?
• What is the posibilities?
• What official institutions says about it? (probably scandalous)

 Read further to get answers.

A Journey Through Latvia - video for investment seekers

A Journey Through Latvia, video for investment seekers (see transcript here), is an advertisement why to choose investment in Latvia. This video contains a lot of information with major business key aspects and all that is composed only in 4 minute long video roll.

Watch here

A Business Encyclopedia increasing in capacity of articles

A Business Encyclopedia increasing in capacity of articles

A Business Encyclopedia increase in capacity of articles grows exponentially. This wiki style encyclopedia covers various articles on business.

Pages already written:

Accountancy
Administrative cases
Advertisement
Agreement which is defined in Latvian competition law
Apostille convention
Apostille
Auditing
Baltic Legal
Bookkeeping
Business entity
Business wiki
Business
Civil law
Companies
Company establishment
Company law
Company
Competition
Competitors
Corporate finance
Decisive influence
Document legalisation law
Document submission in Latvia in foreign language
Document
Dominant position
Economic resources
Economics
Enterprise
EU competition law
EU
European Union
Finances
Firm
Immigration
Information
Institution
Jurisdiction
Latvia
Latvian competition law
Law in Latvia
Law office
Law systems
Law types by country
Law
Legal person
Legal person
Legislation
Legislature
Link text
List of hague conventions
Market participant in Latvian competition law aspect
Market share
Marketing tool
Money
Politics
Product
Profit
Public document
Relevant geographical market
Relevant market
Relevant product market
Residence permit through investments
Riga
Search
Service
Shareholder
Society
Trademark
Wiki
Workplace

ABLV Bank says LVL 10.9 millions in 9-month profit

Latvia business: ABLV Bank says LVL 10.9 millions in 9-month profit

ABLV bank

The bank's operating income before allowances for credit losses totaled LVL 48.7 million at the end of September, writes LETA/Nozare.lv.

The total amount of investments at ABLV Bank reached LVL 1.87 billion. Since the beginning of the year, the amount of deposits has grown 16.4%.

As of September 30, the bank’s assets amounted to LVL 2.09 billion.

During the first nine months of the year, the bank’s loan portfolio increased to LVL 476.2 million. ABLV Bank notes that the bank's approach to crediting remains highly conservative – its loan portfolio constitutes 22.8% of the bank’s total assets.

Necessary allowances made under the loan portfolio and other assets amounted to LVL 56.4 million.

The bank’s capital and reserves amounted to LVL 100.9 million. As of December 31, 2011, the bank’s capital and reserves stood at LVL 90.1 million.

As of September 30, 2012, the bank’s capital adequacy ratio was 15.08%, whereas liquidity equaled 66.22%. ROE reached 15.01%, ROA – 0.73%.

ABLV Bank group also includes ABLV Capital Markets, ABLV Asset Management, ABLV Transform Partnership, ABLV Consulting Services, ABLV Corporate Services, New Hanza City and others.

ABLV group has offices in Moscow, St. Petersburg, Yekaterinburg, Kiev, Odessa, Minsk, Almaty, Dushanbe, Baku and Tashkent.

Needles to say banking is one of best investment in economics. If you're thinking of investing in Latvia then this is a green light to do it!

Author: Artis Zelmenis