News

Operative Report of ABLV Bank, AS in Liquidation for January 2020

Riga, Latvia, February 17, 2020, 09:15 / Banking

According to the provisions of the Law on Credit Institutions, ABLV Bank, AS (the Company) in liquidation is hereby publishing the operative report for January 2020. In January, 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.

Liquidator Andris Kovaļčuks in an Interview with the Newspaper Diena

Riga, Latvia, February 7, 2020, 14:44 / Industry News / Translation from Latvian to English. Newspaper Diena.

It is surprising, how much attention has been brought to events in one bank, despite the fact that according to articles we see that procedural activities were carried out in around 20 different places. I believe it is in everyone’s best interest to deal with all the investigations in order to reach the truth about what has happened and what has not, to finally put an end to all the speculations - the liquidator of ABLV Bank, AS and member of the Liquidation Committee Andris Kovaļčuks confirms to Romāns Meļņiks.

About Resuming Work of ABLV Bank in Liquidation after Proceedings Carried Out by the Law Enforcement Authorities

Riga, Latvia, January 29, 2020, 17:43 / Banking

On 28 January 2020 at the legal address of ABLV Bank in liquidation, at 7 Skanstes Street, Building 1, Riga, the representatives of the state law enforcement authorities carried out previously planned proceedings that were related to the need to check historical transactions of certain former clients of the bank and obtain documents sought. 

Operative Report of ABLV Bank, AS in Liquidation for December 2019

Riga, Latvia, January 17, 2020, 14:02 / Banking

According to the provisions of the Law on Credit Institutions, ABLV Bank, AS (the Company) in liquidation is hereby publishing the operative report for December 2019. In December 2019, 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.

Dienas Bizness: Evidence of past transactions can be as valuable as gold

Riga, Latvia, January 7, 2020, 14:02 / Industry News / Translation from Latvian to English. Magazine Dienas Bizness.

In the context of anti-money laundering, transactions that took place in the distant past with no documentary evidence retained are increasingly being investigated. Entrepreneurs have many questions as to why this situation has arisen in Latvia and how to deal with it.

Calendar of public announcements of ABLV Bank, AS in liquidation for 2020

Riga, Latvia, December 27, 2019, 13:52 / Banking

Calendar of public announcements of ABLV Bank, AS in liquidation for 2020.

About Changes in Structure of the Group of ABLV Bank, AS in Liquidation

Riga, Latvia, December 5, 2019, 15:21 / Banking

In early December 2019 there were changes introduced in the structure of the group of ABLV Bank, AS in liquidation (the Company). In the result of restructuring New Hanza Capital, AS, the subsidiary of the Company, is becoming a holding company for the part of the Company’s group of companies operating in the field of real estate.

About Changes in Liquidation Committee

Riga, Latvia, November 26, 2019, 15:59 / Banking

On 26 November 2019 the extraordinary meeting of shareholders of ABLV Bank, AS in liquidation (hereinafter – the Company) took a decision on changes in the Liquidation Committee. The meeting approved two new liquidators: Vineta Čukste-Jurjeva and Armands Smans.

Financial Report of ABLV Bank, AS in Liquidation for Nine Months

Riga, Latvia, November 22, 2019, 16:06 / Banking

In the third quarter of 2019, the Liquidation Committee of ABLV Bank, AS in liquidation (hereinafter – the Company) continued the liquidation and work in close cooperation with all the involved parties, including various state institutions, ensuring professional management, transparency and openness of the liquidation process under the supervision of the Financial and Capital Market Commission (hereinafter – the FCMC).

ABLV Bank, AS in liquidation begins payment of creditor’s claims

Riga, Latvia, October 25, 2019, 15:25 / Banking

In October this year, ABLV Bank, AS in liquidation (the Company) began new stage of its voluntary liquidation process, i.e., first payment of admitted creditor’s claim was made to the Company’s creditor, following all the creditor reviews performed in accordance with the methodology approved by the Financial and Capital Market Commission (the FCMC).

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