OREANDA-NEWS. August 14, 2013. Due to constant expansion of ABLV Bank and affiliate companies’ business, as well as respective staff increase, the resources of the office building that the bank rented before – at 4a Mednieku Street – became insufficient. Therefore, a decision on moving part of the bank’s structural units to new business centre Jupiter Centre, at 7 Skanstes Street, was taken. Now moving is completed, and the bank has two administrative buildings in Riga – at 23 Elizabetes Street and 7 Skanstes Street.

In the building at Skanstes Street, there are workplaces for 430 officers, and at 23 Elizabetes Street – for 280 officers. Rendering services to private banking customers will remain in the office at 23 Elizabetes Street, where modern customer service area was equipped two years ago. The bank’s management will also continue working in this building. Whereas major part of other bank’s units, which mainly ensure support functions, will be located in Jupiter Centre.

In Jupiter Centre, ABLV Bank is the anchor tenant and occupies most of the building. In total, there are 9 floors rented, the floor area being 5677 sq m. This is one of the largest office rent agreements in Riga made in recent years.

“Moving to the new building, we considerably improve working conditions and comfort level of our officers, as well as obtain necessary reserve for development during the following three years. On of the advantages of Jupiter Centre is its close location to the place where the bank’s new building will be constructed. Our officers can daily watch laying the grounds for new business area in Riga – New Hanza City”, said ABLV Bank Chief Executive Officer Ernests Bernis.

Till the end of the year, two other units of ABLV are supposed to move to new premises. The loans centre will move from Marijas Street to completely renovated premises in Elizabetes Park House, at 21a Elizabetes Street, whereas Pillar affiliate company – to specially constructed building in the territory of New Hanza City.