ABLV Bank the primary sponsor of Riga Shipping Gala Dinner

ABLV Bank the primary sponsor of Riga Shipping Gala Dinner

RIGA, 05-May-2017 — /EuropaWire/ — On 27 April 2017, an event for shipowners and representatives of companies operating in shipping sector – Riga Shipping Dinner 2017 – took place for the second time. The event was aimed at establishing and maintaining professional contacts between shipowners and top-level executives of companies operating in shipping sector.

ABLV Bank was the primary sponsor of the main part of the event, namely, the gala dinner at Biblioteka No. 1 restaurant. ABLV Bank also organized a special seminar devoted to not only bank services, shipping lending and trade financing, but also to shipsale, freight market and ship insurance issues. The initiator and the main organizer of the Riga Shipping Dinner was Marine Services Group, a group of companies, which insures maritime risks, sells and purchases ships, as well as specializes in maritime laws.

We are delighted that the event is growing bigger and becoming more popular. This year it gathered 180 participants from 15 countries; the demand was so high that some applicants never left the waiting list due to the limited number of seats at the event.

Antons Marčenko, Head of Project Financing Department of ABLV Bank, shares his comment on the event: “The number of participants of the dinner and the seminar is a living proof of that shipping industry has adjusted to the needs of the market and is gaining momentum; there is a demand for transactional trade finance for the commercial fleet and commodities traded on stock exchange shipped by the shipowners, as well as for ships and cargo insurance services. Participants were also interested in settlement services being the first step towards cooperation with the ABLV Group. It should be noted that the top-level seminar of actual business-owners was also attended by our new clients – shipowners whom we attracted and financed last year. Riga is a seaport town with a great shipping tradition; and in the modern dynamic world our task is to strengthen our competitive advantages in the region. We are doing our job by offering corresponding financial solutions, therefore I am sure that the contacts established during the seminar and gala dinner will mark the beginning of fruitful cooperation with companies operating in shipping sector. And I would like to add that in total project financing this year has amounted more than EUR 100,000,000. We are glad to become your lending partner!”

We would like to mention that lately ABLV Bank has concluded a list of successful deals in ship lending. Also, we continue developing transactional trade finance for commodities traded on stock exchange and over the counter, also known as trade financing.



Ilmārs Jargans

Head of Public Relations Department
Tel.: +371 6777 5296
e-mail: ilmars.jargans@ablv.com

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