According to the provisions of the Law on Credit Institutions, ABLV Bank, AS (the Company) in liquidation is hereby publishing the operative report for May. In May 2019, ABLV Bank, AS in liquidation recovered assets amounting to EUR 54.7 million, while since the approval of the liquidation, there were assets amounting to EUR 599.7 million recovered.

Key financial data as at 31 May 2019:

• total assets: EUR 2.4 billion;
• lodged creditors’ claims: EUR 2.0 billion;
• capital and reserves: EUR 295.7 million;
• assets recovered by now: EUR 599.7 million.

The company continues to work in close cooperation with all the involved parties, including state institutions and officials, ensuring transparent and open process of liquidation. The cooperation also continues with the international team of Ernst & Young that carries out independent creditors’ verifications under the framework of achieved agreements with the regulator and given the requirements provided in the methodology on verification of creditors.

A close cooperation continues also with the Office for Prevention of Laundering of Proceeds from Criminal Activity (the Control Service) ensuring it with the requested information about the creditors and rendering the necessary data for the Service to fulfil the functions provided by the law regarding the operation of the Company over the last five years.

Also in May, the verification of the information provided by the creditors continued, as well as due diligence of asset buyers and replying to dozens of requests from various state institutions and officials.

The liquidators shall continue transparent and professional liquidation process and shall continue the started litigations for protections of the Company’s interests, as well as consultations with the U.S. attorneys regarding revoking proposal released by the Financial Crimes Enforcement Network (FinCEN).

         Artūrs Eglītis
         ABLV Group Communications Leader
         Tel.: +371 6700 2454
         e-mail: arturs.eglitis@ablv.com