The ABLV Bank in Latvia, which is currently under the process of liquidation, recovered EUR 5.462 million of its assets in November, which was 20% less than the month before (EUR 6.826 million), according to the bank.
EUR 4.932 million were recovered in November from securities, EUR 396,000 from loans issued from the bank, EUR 25,000 from the sale of movable and other properties, and EUR 109,000 from other assets.
The bank’s self-liquidation process began on June 12, 2018, and since then the ABLV liquidators have recovered EUR 1.309 billion – EUR 355.493 million in 2018, EUR 393.767 million in 2019, EUR 109.797 million in 2020, EUR 287.058 million in 2021, EUR 112.442 million in 2022, EUR 31.491 million in 2023, and EUR 19.214 million during the first 11 months of 2024.
Liquidation costs in November amounted to EUR 970.000. Since the beginning of the process, such costs have added up to EUR 203.999 million.
As of November 30, 2024, the ABLV Bank faces creditor claims worth EUR 972.033 million. The bank’s assets stood at EUR 1.224 billion with capital reserves worth EUR 207.701 million.
Source: BNS
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