|Emitents||ABLV Bank, AS (549300IHIJ7SCANBWN17)|
|Veids||1.1 Gada finanšu pārskati un revīzijas ziņojumi|
|Versijas komentārs||Statement of corporate governance for 2017 added in English|
ABLV Bank, AS in liquidation hereby publishes the consolidated and separate annual financial report for 2017.
The key financial indicators of 2017 are as follows:
The financial reports for 2017 were prepared based on the going principle. Yet after the decision of the European Central Bank and the Single Resolution Board, the shareholders of ABLV Bank, AS were forced to take a decision about voluntary liquidation. On 12 June 2018, the Financial and Capital Market Commission (FCMC) approved the application for voluntary liquidation submitted on 5 March 2018, which makes 12 June 2018 the official day of commencement of liquidation of the bank. The deadline for lodging the creditors’ claims announced by ABLV Bank, AS in liquidation is 18 September 2018.
The amount of assets is fully sufficient to cover the claims of all creditors. The assessment of the bank’s voluntary liquidation plan carried out by another international auditor and submitted to the FCMC on 16 April 2018, the value of assets is exceeding the amount of the liabilities also in the framework of the liquidation plan.