Banking

ABLV Bank asks the Court of Justice of the European Union to review the decisions of the European Central Bank and the Single Resolution Board

Riga, Latvia, May 7, 2018, 09:26 / Banking

On 3 May of this year, ABLV Bank and its largest shareholders filed applications to the Court of Justice of the European Union and requested a review of the decisions adopted on 23 February by the European Central Bank (ECB) and the Single Resolution Board (SRB) which forced the shareholders to decide on a voluntary liquidation of the bank.

ABLV Bank Shareholders Appoint the Fourth Liquidator

Riga, Latvia, April 23, 2018, 12:00 / Banking

On 23 April, 2018, an extraordinary shareholders’ meeting took place, at which sworn attorney Eva Berlaus was elected as the fourth liquidator of the bank.

ABLV Submits a Letter of Response to FinCEN

Riga, Latvia, April 20, 2018, 09:07 / Banking

On Tuesday, 17 April, ABLV’s attorneys from WilmerHale law firm’s U.S. office submitted a letter to the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury providing a response to the Notice FinCEN released on 13 February 2018. The letter is published on website www.regulations.gov. In the letter, the attorneys refer to more than 50 documents, which are provided in the attachment to this letter.

About Working Schedule on Easter Holidays

Riga, Latvia, March 29, 2018, 09:34 / Banking

We hereby inform that due to the Latvian public holidays, ABLV Bank, AS and ABLV Capital Markets, IBAS will not operate on Friday, 30 March 2018, and Monday, 2 April 2018.

The Court Recognises the Soundness of ABLV Bank Luxembourg, S.A. Which Can Now Be Sold to New Investors

Riga, Latvia, March 9, 2018, 14:26 / Banking

The Luxembourg Commercial Court (Tribunal de Commerce de Luxembourg) has decided today to refuse the request to place ABLV Bank Luxembourg, S.A. in liquidation.

About Potential Rejections of Credit Institutions to Execute Payments to ABLV Bank, AS for Covering Loan Obligations

Riga, Latvia, March 9, 2018, 11:10 / Banking

The bank hereby informs that the decision of the Financial and Capital Market Commission (FCMC) of 18 February 2018 about imposing payment restrictions, and the decision of 23 February 2018 about occurrence of unavailability of deposits with ABLV Bank, AS, and the decision of the extraordinary meeting of shareholders of 26 February 2018 about voluntary liquidation of the bank do not impede clients’ rights as borrowers to carry out payments from other credit institutions to ABLV Bank, AS for covering obligations.

ABLV Bank Submits Draft Voluntary Liquidation Plan to Financial and Capital Market Commission

Riga, Latvia, March 5, 2018, 17:42 / Banking

On Monday, 5 March, ABLV Bank submitted a draft voluntary liquidation plan application to the Financial and Capital Market Commission. The aim of the liquidation measures is to satisfy all claims of clients and creditors in full.

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.

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.

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