OREANDA-NEWS. ABLV Bank offers several innovations in products and services. They include arrangement of bond issues for clients, contactless payments cards, and others.

Arrangement of Bond Issues for Clients

ABLV Bank bond issue programme was launched in 2011. During these five years, the bank has accumulated large experience of issuing debt securities and now is ready to arrange bond issues for clients, which are an alternative source of raising financing for the company.

Bond issue allows company to raise additional financing both with the collateral and without it, generally, for the term much exceeding that possible in case of loans. The costs of such raising of resources are relatively lower, and diversification of investor base is possible as well. Bond issues form positive credit history of the company and enable improvement of reputation, as the company goes public.

Contactless Payments Cards

Following the latest global trends in the payment card area, ABLV Bank implements contactless authorization in payment cards.

New ABLV cards, which are being issued as of May this year, enable making payments not just according to the known procedure of using the card’s chip or magnetic stripe but also by touching the card on a reader. Moreover, in case of small amounts there is no need to enter a PIN.