Order of Returning Loans

Riga, Latvia, February 26, 2018, 09:02 / Banking

From 26.02.2018, all clients pay cash to the bank’s cash desk in EUR or USD or transfer funds for loan repayment from another bank in EUR to a single account for loan settlements with ABLV Bank, specifying the following details:

If the borrower is an individual:

  • payment beneficiary — ABLV Bank
  • beneficiary account number — LV95AIZK0161554433EUR for EUR or LV45AIZK0161554433USD for USD
  • payment purpose — name and surname, personal number of the borrower, loan agreement number, current, cash or card account number where loan liabilities have occurred.

If the borrower is a legal entity:

  • payment beneficiary — ABLV Bank
  • beneficiary account number — LV95AIZK0161554433EUR for EUR or LV45AIZK0161554433USD for USD
  • payment purpose — name, registration number of company, loan agreement number, current, cash or card account number where loan liabilities have occurred.

If the currency of liabilities is not euro, the transfer is converted into the loan currency at the bank’s exchange rate on the day of loan repayment.