 | |
| Formerly | Aizkraukles Banka AB.LV |
|---|---|
| Company type | JSC |
| Industry | Financial services |
| Founded | 1993 |
| Defunct | 2018 |
| Fate | Dissolved |
| Headquarters | , |
Key people | Ernests Bernis Oļegs Fiļs Vadim Reinfeld |
 €79.34 mln (2016)[1] | |
| Total assets | €3849.59 mln (2016)[1] |
| Total equity | €366.65 mln (2016)[1] |
| Website | www |
ABLV Bank was one of the largest private banks in the Baltic States, headquartered in Riga, Latvia with representative offices abroad from 1993 to 2018.
Following accusations of money laundering by the United States Department of the Treasury[2] and continued pressure from national regulatory agencies,[3] on 26 February 2018 the ABLV board voted to start the process of voluntary liquidation.[4][5] The liquidation plan was approved on June 12.[6]
ABLV had three primary lines of business: private banking, investment and financial planning.
- ^ a b c Bank Profile: ABLV Bank
- ^ "Proposal of Special Measure Against ABLV Bank, AS as a Financial Institution of Primary Money Laundering Concern, 83 Fed. Reg. 33" (PDF). 2018-02-16.
- ^ Milne, Richard (21 March 2018), "US ire prompts Latvia to root out systemic failures on banking", Financial Times, archived from the original on 28 March 2022, retrieved 25 August 2023
- ^ "Voluntary Liquidation of ABLV Bank, AS to Protect the Interests of Clients and Creditors". ABLV Bank. 2018-03-15. Archived from the original on 2018-03-22.
- ^ "€83 million paid out to ABLV clients within month". Public Broadcasting of Latvia. Latvijas Radio. 3 April 2018. Retrieved 5 April 2018.
- ^ "Latvian financial regulator approves ABLV self-liquidation plan". eng.Lsm.lv. 2018-06-12. Retrieved 2022-09-03.