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The European Central Bank (ECB) decided Wednesday, July 11 to cancel the liquidator's license of the credit institution AS "ABLV Bank". The cancellation of a license is one of the steps provided for in the bank's reverse charge plan, informs ABLV Bank and the Latvian Capital Markets and Capital Commission (FCMC).
By this decision of the ECB, the bank ceases participation in the payment and settlement system TARGET 2. There will be no further possibility to make direct payments to the accounts included in the IBANK number (International Bank Account Number) AIZK. In addition, on Thursday, July 12, all current accounts of ABLV Bank are closed, informs the bank.
In order to ensure the necessary settlement to the liquidation process, ABLV Bank liquidated opened current accounts with other credit institutions.
The application for the cancellation of the license of a bank as a credit institution was submitted by the ECB on June 12 of this year, the day the FCMC accepted the liquidation from the bank and became a liquidated limited company. The decision taken by the ECB entered into force on 11 July at noon.
The FCMC continues to oversee the self-winding process in accordance with the previously approved plan and procedure, "said FCMC President Peters Putnins
. The Comptroller of the Bank indicates that the presentation of claims by the creditors, which began on June 18, with the corresponding announcement of the liquidator in the Gazeta Latvijas Vēstnesis, continues.Creditors can file their claims within three months – up to the September 18.
Similarly, the cancellation of the license does not remove the obligation of the borrowers to continue to fulfill their obligations.Therefore, ABLV Bank invites its customers to make their payments on the page d & # 39; Bank www.ablv.com and inform the bank in accordance with the procedure described in the Internet Bank.
Ieva Upleja The FCMC will continue to oversee the operations of the bank. Asset management and sales of the bank throughout the process, said the bank supervisor in a statement.
ABLV Bank shareholders at an extraordinary meeting on February 26 pbaded a resolution on the lifting of reputational issues that an experienced commercial bank after the United States announced. Possible involvement of ABLV Bank in money laundering programs. The bank refuses these complaints. ABLV Bank submitted a reverse charge plan in early March to the FCMC. The application was prepared by the elected liquidators of the bank's shareholders' meeting. The FKTK accepted the plan on June 12
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Tags ABLV Article bank canceled central European license liquidation LSMLV
