Operative Report of ABLV Bank, AS in Liquidation for April 2020
Riga, Latvia, 2020-05-15 07:34 CEST --
According to the provisions of the Law on Credit Institutions, ABLV Bank, AS (the Company) in liquidation is hereby publishing the operative report for April 2020. In April, 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.
In April, there were EUR 6.3 million recovered, while since the commencement of the liquidation there are EUR 784.3 million recovered. Key financial data as on 30 April 2020:
total assets: EUR 2.34 billion;
lodged creditors’ claims: EUR 2.02 billion;
capital and reserves: EUR 278.6 million;
total recovered assets: EUR 784.3 million.
The disbursements under the creditors’ claims are being carried out only if in the course of the creditor review no obstacles provided by the regulatory enactments are detected for making such disbursement. The reviews are being carried out by the international team of consultants from EY, hired by the Company.
By the beginning of April, 13 992 clients received their guaranteed compensations. In total there were EUR 447 million disbursed, which is 92% of the amount the Company had transferred to the Deposit Guarantee Fund.
Head of Communication Department
ABLV Bank, AS in Liquidation
Tel.: +371 6700 2432