Please be informed that on 1 October 2021 there shall be amendments in the Rates and Charges of ABLV Bank, AS in liquidation (hereinafter – the Company) entering into effect.

According to the provisions of the Law on Credit Institutions, ABLV Bank, AS (the Company) in liquidation is hereby publishing the operative report for June 2021. In June, asset recovery and reviews of the buyers continued, and, following the order set forth by the law, the Company carried on providing information and responses to all parties involved, including some Latvian and foreign institutions.

On 6 July 2021, a meeting of shareholders of ABLV Bank, AS in liquidation took place. At this meeting, the shareholders appointed commercial company of sworn auditors Nexia Audit Advice, SIA (reg. No. 40003858822) for audit of the financial reports and preparing the statement.

The first phase of the deal between ABLV Bank in liquidation and Citadele for the sale of the majority of ABLV Bank in liquidation’s mortgage portfolio has been completed. Citadele has purchased several thousand mortgage agreements totalling more than €120 million.

In July 2021, there shall be certain changes taking place in the Liquidation Committee of ABLV Bank, AS in liquidation (the Company).

Please be informed that given the official national holidays in Latvia, ABLV Bank, AS in liquidation (the Company) shall not be open for business from 23 June till 25 June (inclusive).

According to the provisions of the Law on Credit Institutions, ABLV Bank, AS (the Company) in liquidation is hereby publishing the operative report for May 2021. In May, asset recovery and reviews of the buyers continued, and, following the order set forth by the law, the Company carried on providing information and responses to all parties involved, including some Latvian and foreign institutions.

In 2021, the Liquidation Committee of ABLV Bank, AS in liquidation (the Company) continued the liquidation process and cooperation with stakeholders, including state institutions, thus ensuring professional management, transparency and openness of liquidation under the supervision of the Financial and Capital Market Commission (the FCMC).

On a shareholders’ meeting of 25 May 2021, the shareholders of ABLV Bank, AS in liquidation (the Company) have decided on changes in the Liquidation Committee. A new liquidator Jānis Rozenbergs was approved at the meeting, while Lauma Bērziņa will leave the position of liquidator.

This is to inform that on 18 June 2021 the new, 15^th edition of the “General Terms of Liquidation of ABLV Bank, AS in Liquidation (hereinafter — the Company)” comes into force.