Loans/Liabilities

Due to measures intended to reduce the spread of COVID-19 coronavirus, we urge you to consider the possibility of making a commitment (loan) payment by means of transfer, without visiting the Cash Desk of ABLV Bank, AS in liquidation (the Company) at 23 Elizabetes Street, Riga.

You can find the exact information on the transfer options in your Internetbank. 

If it is not possible for you to make the payments under your liabilities (loans) via transfer, then you can make them by paying cash in EUR at the Cash Desk at 23 Elizabetes Street, Riga. Cash Desk working hours: 

  • from Monday to Thursday – from 09:00 to 17:00 
  • on Fridays – from 09:00 to 14:00 

The Cash Desk working hours may change, so please follow the latest information on the Company's website or Internetbank. For connecting to or restoring access to online banking system, please call at +371 6777 5555 in the working hours of the Company.

  • Property insurance

    Pursuant to provisions of the loan agreement between the customer and ABLV Bank, AS, the real estate used as the loan collateral should be insured during the whole term of the loan agreement, in accordance with ABLV Bank, AS in liquidation requirements and with ABLV Bank, AS in liquidation stated as loss payee.

    We complete the pledged real estate insurance procedure in cooperation with the following partners of ABLV Bank, AS in liquidation:

    • Compensa Vienna Insurance Group ADB Latvian branch;
    • ERGO Insurance SE Latvian branch.

    In case you wish to arrange insurance of the real estate pledged in favour of ABLV Bank, AS in liquidation on your own, then within the period stated in the loan and/or mortgage agreement, you have to submit the original of the new insurance policy to ABLV Bank, AS in liquidation, which should be previously agreed upon with ABLV Bank, AS in liquidation and should comply with our requirements, including the following:

    • private houses, buildings, and structures should be insured at their replacement value;
    • apartments should be insured either at their current market value or replacement value, whichever is higher;
    • elements of construction of apartments, private houses, buildings, and structures should be insured at their replacement value;
    • where expensive and exclusive finishing solutions are used in apartments or private houses, the finishing should be insured at the value of respective investments, the amount of which should be agreed upon with ABLV Bank, AS in liquidation;
    • commercial properties should be insured at their current market value;
    • insurance policy should be purchased for one year term;
    • the insurance premium should be paid in a lump sum.

    Original payment order evidencing payment of the whole insurance premium (bearing the signature of the officer of respective credit institution and a seal/stamp, if required by internal regulations of the respective credit institution) should be submitted as well.

    Unless a new policy that is previously agreed upon with ABLV Bank, AS in liquidation and complies with our requirements is submitted within the period stated above, ABLV Bank, AS in liquidation shall be entitled to enter into new insurance agreement, choosing the insurance company and conditions at its own discretion. You will be notified of this by SMS informing of insurance policy made and stating the amount of insurance premium, which you shall have to pay within 5 days after the moment of entering into the insurance agreement. To stay informed about the expiry date of the insurance policy, use our Internetbank.

    In case you wish to arrange insurance of the real estate pledged in favour of ABLV Bank, AS in liquidation on your own or want it to be insured by a company not included in ABLV Bank, AS in liquidation list, or where insurance amount of a single object exceeds EUR 2 100 000 (or equivalent amount in other currency), the insurance conditions (on all instances mentioned above) and/or the insurance company (if the same is not included in the said list) should be mandatorily agreed upon with ABLV Bank, AS in liquidation in writing before entering into the insurance agreement.

    ABLV Bank, AS in liquidation is entitled to decline an insurance agreement the provisions of which have not been previously agreed upon with ABLV Bank, AS in liquidation in accordance with the above procedure.

    If you have any questions, please contact your private bankers or call Client Line at +371 6777 5222.

    Insurance companies acknowledged by ABLV Bank, AS in liquidation:

    • Compensa Vienna Insurance Group ADB Latvian branch;
    • BTA Insurance Company SE;
    • ERGO Insurance SE Latvian branch.

    ABLV Bank, AS in liquidation decides on entering into insurance agreements with insurance companies not listed above and acceptance of policies issued by those on a case-by-case basis.

  • Money market indices

    If a floating rate linked to the money market index is determined for the calculation of loan interest, please see the LIBOR and EURIBOR indices here.