Banking

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).

About changes in financial calendar

Riga, Latvia, October 15, 2019, 10:39 / Banking

From 19.11.2019 and 22.11.2019 there shall be consolidated financial reports of the group and separate unaudited condensed interim reports of ABLV Bank, AS in liquidation for the nine-month period ending on 30 September 2019.

About changes in the rates and charges

Riga, Latvia, September 3, 2019, 08:49 / Banking

Please be informed that changes to the rates and charges of ABLV Bank, AS in liquidation (hereinafter — the Company) will become effective.

Financial report of ABLV Bank, AS in liquidation for H1

Riga, Latvia, August 30, 2019, 15:55 / Banking

During the first six months of 2019, the Liquidation Committee of ABLV Bank, AS in liquidation (hereinafter – the Company) continued the liquidation process and cooperation with all stakeholders, including state institutions and public officials, ensuring ongoing transparency and openness of the solvent liquidation process.

Luxembourg Commercial Court Ruled to Start ABLV Bank Luxembourg, S.A. judicial liquidation process

Riga, Latvia, July 2, 2019, 17:13 / Banking

Luxembourg Commercial Court has decided to lift the previously imposed protection mechanism for ABLV Bank Luxembourg, S.A. and start liquidation process of the bank. The appointed liquidators of ABLV Bank Luxembourg, S.A. shall be the independent administrators who have been supervising the bank until now – attorney Alain Rukavina from Rukavina Avocats law firm and Éric Collard from DELOITTE Tax & Consulting SARL.

To minimise further losses ABLV Bank Luxembourg, S.A. has agreed to the start of the judicial liquidation process

Riga, Latvia, June 26, 2019, 17:26 / Banking

Given significant financial losses over the extended period since March 2018 and in order to protect the interests of the depositors and shareholders, ABLV Bank Luxembourg, S.A. has decided to agree to the start of the judicial liquidation process.

On Changes in Liquidation Committee

Riga, Latvia, May 28, 2019, 12:45 / Banking

On 28 May 2019, at a regular shareholders’ meeting, the shareholders of ABLV Bank, AS in liquidation (Company) made a decision on changes in the Liquidation Committee. Given the agreement made upon taking the position, on 1 June 2019 the leading partner of Sorainen Latvian office and sworn attorney Eva Berlaus will resign from a position of a liquidator (last day in position of liquidator – 31 May 2019).

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