On 3 July 2020, 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 Board of Nasdaq Riga, AS has decided to exclude from the regulated market all bonds issued by ABLV Bank, AS in liquidation, determining June 30, 2020 as the last day of bond quotation.

ABLV Bank, AS in liquidation has submitted a request to Nasdaq Riga, AS, asking to exclude all the issued bonds from the regulated market.

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 2020. Asset recovery and compliance review of asset buyers continued also in May; likewise, the Company continued providing information and answers to requests submitted by various state institutions.

On 13 June 2020 at the legal address of ABLV Bank, AS in liquidation at 7 Skanstes Street, building 1, in Riga, officials of the state law enforcement authorities carried out scheduled proceedings. These proceedings were carried out in the course of the criminal action initiated several years ago, which is in no way related to our current operation. ABLV Bank in liquidation cannot comment anything on the content of the proceedings.

In the first quarter of 2020, 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).

According to the provisions of the Law on Credit Institutions, ABLV Bank, AS (the Company) in liquidation is hereby publishing the operative report for April 2020. In April, the recovery of assets continued, as well as verification of their buyers, and the Company continued providing information and answers to requests of various state institutions in accordance with the procedures provided by the law.

This is to inform that taking into account the official state holidays in Latvia, ABLV Bank, AS in liquidations (the Company) will not be open for business on Friday, 1 May, and Monday, 4 May.

According to the provisions of the Law on Credit Institutions, ABLV Bank, AS (the Company) in liquidation is hereby publishing the operative report for March 2020. In March, asset recovery and compliance review of asset buyers continued; likewise, pursuant to the procedure set forth in the law, the Company continued providing information and answers to requests submitted by various state institutions.

On 7 April 2020, at a regular shareholders’ meeting, the shareholders of ABLV Bank, AS in liquidation (the Company) approved the consolidated and separate financial report of the Company for the year 2019, as well as took decisions about changes in the Liquidation Committee.