The customers of ABLV Bank AS in liquidation who have not yet applied for the guaranteed compensation can do it by 23 February 2023

05.09.2022
  • Section:
The Financial and Capital Market Commission (FCMC) would like to inform the above customers that pursuant to Section 3, Paragraph four of the Deposit Guarantee Law, the depositors of ABLV Bank AS in liquidation who are eligible for the guaranteed compensation but who will have failed to apply for it by 23.59 on 23 February 2023 will lose the right of action against the Deposit Guarantee Fund of Latvia for the disbursement of the guaranteed compensation.

In the light of the above, we would like to encourage all depositors who are entitled to the guaranteed compensation and who have not applied for it yet to do so by 23.59 on 23 February 2023. This call for action does not apply to the depositors who are not entitled to the guaranteed compensation or who are subject to restrictions imposed on the disbursement of the guaranteed compensation.

Please note that AS Citadele banka ensures disbursement of the guaranteed compensation to depositors of ABLV Bank AS in liquidation. More information on the application procedure is available here.

The depositors for whom disbursement of the guaranteed compensation pursuant to Section 27, Paragraph one of the Deposit Guarantee Law has been postponed, it will be available for five years from the moment the circumstances underpinning the deferral of the guaranteed compensation cease to exist.

In addition, we would like to inform the persons concerned that in compliance with Section 19, Paragraph seven of the Deposit Guarantee Law, the restrictions imposed on the disbursement of the guaranteed compensation by sworn bailiffs and tax (fees) administration will cease to exist as of 24 February 2023. The restrictions were imposed on the guaranteed compensation in relation to a possible recovery of funds. Thus, these depositors will be entitled to apply for the guaranteed compensation for the next five years as of 24 February 2023.

 

 

Further information:
Dace Jansone
Head of the FCMC’s Communications Division
Phone: +371 67774808
E-mail: dace.jansone@fktk.lv

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