News and Reviews

On Amendments in Financial Calendar of ABLV Bank, AS in Liquidation

Riga, Latvia, October 15, 2018, 13:18 / Banking

Given the decision of the European Central Bank (ECB) of 11 July 2018, by which there was a license of a credit institution withdrawn from ABLV Bank, AS in liquidation, there are amendments made in the financial calendar of the company.

ABLV Bank Luxembourg, S. A. Looks Forward to Complete Sales Process

Riga, Latvia, October 10, 2018, 16:39 / Banking

On 5th October 2018, the Luxembourg Commercial Court (Tribunal d’arrondissement de Luxembourg siégeant en matière commerciale) held a hearing regarding the request of ABLV Bank Luxembourg S.A. (further — the Bank) to extend the protection of the suspension-of-payments regime originally granted by the Luxembourg Commercial Court on 9 March 2018 and which ended on 9 September 2018.

98% of All Creditors’ Claims already Lodged

Riga, Latvia, September 28, 2018, 09:17 / Banking

There were almost 3,300 creditors who responded to the call of liquidators of ABLV Bank, AS in liquidation to lodge their claims by 18 September 2018, which makes the claims amount to slightly more than EUR 2 billion, which is 98% of the bank’s liabilities.

Redenomination of Bond Issues

Riga, Latvia, September 25, 2018, 11:54 / Banking

In accordance with the decision of the Liquidation Committee made on 20 August 2018, on 25 September 2018 the initial currency, the USD, of the bonds issued by ABLV Bank, AS in liquidation, namely, ABLV FXD USD 030719 (ISIN: LV0000802270), ABLV FXD USD 271019 (ISIN: LV0000802320) and ABLV SUB USD 171127 (ISIN: LV0000802361), shall be redenominated to EUR.

ABLV Bank, AS in Liquidation Financial Report for 2017

Riga, Latvia, September 18, 2018, 18:23 / Banking

ABLV Bank, AS in liquidation hereby publishes the consolidated and separate annual financial report for 2017.

On Amendments in Client Service Schedule

Riga, Latvia, September 14, 2018, 15:12 / Banking

Please be informed that on Monday, 24 September 2018, ABLV Bank, AS in liquidation, as well as ABLV Asset Management, IPAS and ABLV Capital Markets, IBAS do not serve clients, because there is a national holiday announced in the country due to the visit of Pope Francis to Latvia.

Protection of ABLV Bank Luxembourg, S. A. Extended for One Month

Riga, Latvia, September 7, 2018, 16:46 / Banking

On 3rd September 2018, the Luxembourg Commercial Court (Tribunal de Commerce de Luxembourg) held a hearing for extension of the suspension-of-payments status assigned to the Luxembourg bank in February. Having considered the arguments and current situation, the court agreed to extend the protection by one month in order to leave more time to progress in the negotiations with investors.

ABLV Bank, AS in Liquidation H1 and Q2 Financial Reports

Riga, Latvia, August 31, 2018, 17:28 / Banking

ABLV Bank, AS in liquidation hereby publishes the unaudited consolidated financial report of the first half and the financial report of second quarter of 2018.

ABLV Bank, AS in Liquidation Engages an Advisor for Assessment of Mortgage Loans Portfolio Sale Options

Riga, Latvia, August 28, 2018, 14:32 / Banking

ABLV Bank, AS in Liquidation (hereinafter – the Company) has signed an advisory agreement with Superia, AS on assessment of strategic options for potential sale of the Company’s mortgage loans portfolio.

On Redenomination of Bond Issue Currency

Riga, Latvia, August 21, 2018, 12:30 / Banking

On 20 August 2018, the Liquidation Committee of ABLV Bank, AS in liquidation (hereinafter – the Company) made a decision that as of 25 September 2018 it shall be determined that the initial currency, the USD, of the bonds of ABLV Bank, AS in liquidation, namely, ABLV FXD USD 030719 (ISIN: LV0000802270), ABLV FXD USD 271019 (ISIN: LV0000802320) and ABLV SUB USD 171127 (ISIN: LV0000802361), issued under the Base Prospectus of Seventh Bond Offer Programme, shall be redenomination to EUR.

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