News and Reviews

On Changing Face Value of ABLV Bonds

Riga, Latvia, July 12, 2019, 10:04 / Investments

On 12 July 2019, there was change of face value for each bond of all bonds issued by ABLV Bank, AS in liquidation (hereinafter – the Company) carried out to EUR 0.01 applied to all bonds with face value expressed in EUR, and to USD 0.01 applied to all bonds with face value expressed in USD. Accordingly we are publishing the updated versions of final terms of all issues.

Decision on Liquidation of ABLV Capital Markets, AS

Riga, Latvia, July 4, 2019, 15:04 / Investments

On 3 July 2019, Registry of Enterprises of the Republic of Latvia made an entry to the Commercial Register about commencement of the liquidation process of ABLV Capital Markets, AS, the subsidiary of ABLV Bank, AS in liquidation (hereinafter referred to as Capital Markets).

Luxembourg Commercial Court Ruled to Start ABLV Bank Luxembourg, S.A. judicial liquidation process

Riga, Latvia, July 2, 2019, 17:13 / Banking

Luxembourg Commercial Court has decided to lift the previously imposed protection mechanism for ABLV Bank Luxembourg, S.A. and start liquidation process of the bank. The appointed liquidators of ABLV Bank Luxembourg, S.A. shall be the independent administrators who have been supervising the bank until now – attorney Alain Rukavina from Rukavina Avocats law firm and Éric Collard from DELOITTE Tax & Consulting SARL.

To minimise further losses ABLV Bank Luxembourg, S.A. has agreed to the start of the judicial liquidation process

Riga, Latvia, June 26, 2019, 17:26 / Banking

Given significant financial losses over the extended period since March 2018 and in order to protect the interests of the depositors and shareholders, ABLV Bank Luxembourg, S.A. has decided to agree to the start of the judicial liquidation process.

On Changing Face Value of Issued Bonds

Riga, Latvia, June 17, 2019, 17:00 / Investments

Liquidation Committee of ABLV Bank, AS in liquidation (hereinafter – the Company) has made a decision to carry out change of face value for each bond of all bonds issued by the Company to EUR 0.01 applied to all bonds with face value expressed in EUR, and to USD 0.01 applied to all bonds with face value expressed in USD.

IBAS licence for rendering investment services withdrawn

Riga, Latvia, May 30, 2019, 11:53 / Investments

Following the request from the investment brokerage company ABLV Capital Markets, IBAS, the company's licence for rendering investment services was withdrawn by the Financial and Capital Market Commission on 28 May this year.

On Changes in Liquidation Committee

Riga, Latvia, May 28, 2019, 12:45 / Banking

On 28 May 2019, at a regular shareholders’ meeting, the shareholders of ABLV Bank, AS in liquidation (Company) made a decision on changes in the Liquidation Committee. Given the agreement made upon taking the position, on 1 June 2019 the leading partner of Sorainen Latvian office and sworn attorney Eva Berlaus will resign from a position of a liquidator (last day in position of liquidator – 31 May 2019).

On Change of Legal Address

Riga, Latvia, May 13, 2019, 10:48 / Banking

This is to inform that starting from 10 May 2019 legal and actual address of ABLV Bank, AS in liquidation (hereinafter – the Company) is at Building 1, 7 Skanstes St., Riga, LV-1013.

On Changes in Customer Service Hours

Riga, Latvia, April 16, 2019, 10:46 / Banking

This is to inform that due to business optimisation starting from 1 June 2019 there will be changes introduced in customer service hours of ABLV Bank, AS in liquidation.

Amendments in Relation to ABLV Mutual Funds

Riga, Latvia, April 4, 2019, 09:41 / Investments

This is to inform that on 27 March 2019 the Financial and Capital Market Commission registered amendments to the prospectus, regulations and basic information for investors of mutual funds under management of ABLV Asset Management, IPAS that were introduced due to updating of fund performance data as well as updating of information on the Auditor and the Fund manager.

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