About Amendments to the General Terms of Business of ABLV Bank, AS in Liquidation

Riga, Latvia, March 22, 2019, 14:03 / Banking

ABLV Bank, AS in liquidation hereby informs that on 21 March 2019 the Liquidation Committee of ABLV Bank, AS in liquidation approved the amendments to the General Terms of Business of ABLV Bank, AS in liquidation, which shall enter into force on 22 April 2019.

The introduced amendments provide an amended procedure in which ABLV Bank, AS in liquidation executes orders on outgoing securities transfers and orders on sale of securities, including for covering the financing against securities pledge. The amendments provide that after they enter into force the investment brokerage company ABLV Capital Markets, IBAS will no longer be involved in the execution of the said orders and in servicing the issued financing against securities pledge. Also all communication shall be carried out only with ABLV Bank, AS.

The General Terms of Business are available here.