ABLV Bank, AS in Liquidation Operative Report for July 2018
Since the commencement of the liquidation, there are EUR 33 million recovered, of which EUR 21 million recovered in July.
Riga, Latvia, 2018-08-16 08:37 CEST --
Given the commenced voluntary liquidation and in accordance with the Credit Institutions Law, ABLV Bank, AS in liquidation is hereby publishing July operative report.
The monthly report contain operative financial indicators in terms of assets and liabilities as at the end of July, as well as report on the assets recovered and expenditures on liquidation in the given month. The report provides comparative data about June. As reported earlier, the Financial and Capital Market Commission approved the voluntary liquidation of the bank on 12 June 2018, so the first report period is to be counted starting from 13 June 2018.
Key operative results as at 30 June 2018:
total assets: EUR 2.4 billion;
deposits: EUR 1.6 billion;
capital and reserves: EUR 321.1 million;
profits accumulated in previous reporting periods: EUR 117.5 million;
losses in the reporting period: EUR 22.9 million;
assets recovered by now: EUR 33 million.
ABLV Group Communications Leader
ABLV Bank, LAS
Tel.: +371 6700 2454