News and Reviews

On Disbursement of Guaranteed Compensation

Riga, Latvia, March 2, 2018, 14:00 / Banking

This is to inform that the procedure for disbursement of guaranteed compensations to the eligible clients of ABLV Bank (hereinafter – the Bank) in accordance with the Deposit Guarantee Law has been determined. Given that the funds are unavailable to the clients of the Bank already since 19 February 2018, it was decided to commence disbursement of compensations sooner than the law provides – starting from 3 March 2018, it will be done by Citadele banka, AS.

ABLV Asset Management, IPAS Changes Custodian Bank for Its Pension Plan

Riga, Latvia, February 28, 2018, 19:45 / Investments

Second pillar pension manager ABLV Asset Management, IPAS signed an agreement with ABLV Bank, AS about termination of the contract on custody services, and concluded a contract with Citadele banka, which will become the new custodian bank for the ABLV Active Investment Plan. In a few days, an appropriate order about transfer of all assets of the plan, including funds, to Citadele banka will be issued.

ABLV Bank, AS Paid Out Coupons Amounting to Approximately EUR 761 000

Riga, Latvia, February 28, 2018, 13:26 / Investments

On 27th of February 2018, coupons amounting to approximately EUR 761 000 under ABLV FXD USD 270219 (LV0000802239) and ABLV FXD EUR 270219 (LV0000802247) bonds were paid out according to the following parameters:

Announcement on Voluntary Liquidation of ABLV Bank, AS to Protect the Interests of Clients and Creditors

Riga, Latvia, February 26, 2018, 21:52 / Banking

In order to ensure the best protection of the interests of clients and creditors, at the extraordinary general shareholders’ meeting on 26 February 2018, ABLV Bank made a decision about voluntary liquidation. ABLV Bank believes that this way it will be able to ensure the best protection of its assets for settlement with all clients.

ABLV Bank Securities Portfolio and Loan Portfolio Analysis

Riga, Latvia, February 26, 2018, 12:17 / Banking

Hereby we publish the information on the securities portfolio and loan portfolio of ABLV Bank and the analysis thereof as of 23 February 2018.

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:

ABLV Bank, AS Key Financial Indicators

Riga, Latvia, February 25, 2018, 21:18 / Banking

Taking into account the decision made by the Financial and Capital Market Commission (FCMC) and for the purposes of ensuring transparency of the process, we hereby present the operative statement of financial position of the bank as at 23.02.2018.

Questions and Answers Regarding Unavailability of Deposits at ABLV Bank

Riga, Latvia, February 25, 2018, 11:35 / Banking

What should the depositors and clients having money in ABLV Bank do?

ABLV Bank Luxembourg, S.A. Stays Independent with Sufficient Liquidity

Riga, Latvia, February 25, 2018, 11:35 / Banking

The recent ECB decision to propose the wind up of our subsidiary ABLV Bank Luxembourg, S.A. is a direct consequence of its decision to wind up ABLV Bank, AS. With the bank licence still in force and an administrator to be appointed for ABLV Bank, AS, our subsidiary is capable of continuing its operations with a new shareholder.

ABLV Bank Announcement to the Clients, Employees and Shareholders

Riga, Latvia, February 24, 2018, 03:00 / Banking

ABLV Bank has received a decision of the Council of the Financial and Capital Market Commission (FCMC) “On Occurrence of Unavailability of Deposits”. This decision is related to the payment restriction imposed by the regulators on 19 February, which in FCMC’s opinion is not subject to reviewing.

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