On 1 October 2018, the amendments to the Rates and Charges on the services of ABLV Bank, AS in liquidation shall enter into effect regarding the following services:
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ECB Withdraws Credit Institution’s License of ABLV Bank, AS in Liquidation
On 11 July 2018, the European Central Bank (ECB) took a decision to withdraw the credit institution’s license of ABLV Bank, AS in liquidation. The withdrawal of the license is one of the steps provided in the plan of the bank’s voluntary liquidation.
ABLV Bank, AS in Liquidation Operative Report for June 2018
Given the commenced voluntary liquidation and in accordance with the Credit Institutions Law, from now on ABLV Bank, AS in liquidation shall publish monthly operative reports in the official newspaper “Latvijas Vēstnesis” and on www.ablv.com.
Recognition of Creditors’ Claims under Supervision of FCMC
We hereby publish the procedure of management of assets of ABLV Bank, AS in liquidation, as well as recognition and satisfaction of the creditors’ claims under close supervision of the FCMC.
On Procedure of Redemption of Bonds issued by ABLV Bank, AS in Liquidation
On 12 June 2018, the Financial and Capital Market Commission approved the decision of the meeting of shareholders of ABLV Bank, AS on the voluntary liquidation, which is deemed to be the day of commencement of voluntary liquidation of the bank. Thus, all bonds of ABLV Bank, AS in liquidation shall be redeemed in accordance the orders of creditors provided by the Credit Institutions Law.
ABVL Bank, AS in Liquidation Is Redeeming only the Bonds in its Ownership Issued by It
On 26 June 2018, Liquidation Committee of ABLV Bank, AS in Liquidation made a decision to redeem the bonds issued by the bank, which were unsold under initial placement and purchased on the market and which are in ownership of the company in liquidation. The redemption of the bonds is going to take place on 4 July 2018.
Premature Redemption of Bonds in Ownership of ABLV Bank, AS in Liquidation
On 26 June 2018, Liquidation Committee of ABLV Bank, AS in Liquidation (hereinafter – the Company in Liquidation) made a decision to redeem the following bonds issued by the Company in Liquidation, which are in ownership of the Company in Liquidation:
Entry of Accounted, But Not Disbursed Coupons Accounting for Owners of Straight Bonds Issued by ABLV Bank, AS
According to the Liquidation Plan approved by the Financial and Capital Market Commission, ABLV Bank, AS, the bank in liquidation, has made a decision:
ABLV Asset Management, IPAS Changes Custodian Bank for Its Mutual Funds
On 22 May 2018, ABLV Asset Management, IPAS signed an agreement with the JSC Baltic International Bank which will now become the new custodian of the mutual funds managed by ABLV Asset Management, IPAS.
ABLV Bank asks the Court of Justice of the European Union to review the decisions of the European Central Bank and the Single Resolution Board
On 3 May of this year, ABLV Bank and its largest shareholders filed applications to the Court of Justice of the European Union and requested a review of the decisions adopted on 23 February by the European Central Bank (ECB) and the Single Resolution Board (SRB) which forced the shareholders to decide on a voluntary liquidation of the bank.