ABLV Bank, AS in Liquidation Engages an Advisor for Assessment of Mortgage Loans Portfolio Sale Options

Riga, Latvia, August 28, 2018, 14:32 / Banking

ABLV Bank, AS in Liquidation (hereinafter – the Company) has signed an advisory agreement with Superia, AS on assessment of strategic options for potential sale of the Company’s mortgage loans portfolio.

The assessment will cover analysis of various strategic options to decide on the most efficient that would maximise value of proceeds to be used to satisfy the claims of the Company’s creditors.

As at 30 June 2018, the mortgage loans portfolio of ABLV Bank, AS in liquidation amounted to EUR 292 million.

Superia, AS is an independent financial advisory having offices in Latvia, Estonia and Lithuania. The company specialises in providing corporate clients, governments, and investors with independent financial advice on mergers, acquisitions, divestitures, privatisations, capital raising, and corporate restructurings.