Information regarding the procedure to follow and the required documents is currently made available by the liquidators nominated by the district court, namely Maître Alain RUKAVINA and Deloitte Tax & Consulting SARL, in the person of M. Eric COLLARD, on the following website:
http://www.ablvbankluxembourginjudicialliquidation.lu/
We also invite you to consult the information issued by the bank.
JUDICIAL LIQUIDATION OF THE BANK ABLV BANK LUXEMBOURG S.A.
On 2 July 2019, the Luxembourg district court, dealing with commercial matters, has pronounced the dissolution and ordered the liquidation of the Luxembourg based credit institution ABLV Bank Luxembourg S.A., having its registered office at 26a, boulevard Royal, L-2449 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B162048 (hereinafter “ABLV”).
The determination of the unavailability of deposits at ABLV by the Commission de surveillance du secteur financier on 24 February 2018 has given depositors access to reimbursements by the Luxembourg deposit guarantee scheme FGDL. Eligible depositors of ABLV may claim a reimbursement of their deposits up to 100.000 EUR from FGDL until 24 February 2028, i.e. 10 years after the determination of the unavailability of deposits. For recovering any amount that is not reimbursed by the FGDL, creditors of ABLV must submit a receivable debt declaration to the clerk of the Luxembourg district court, 6th chamber, by the 10 January 2020 at the latest.
Déclarations de créance – 6e chambre
Greffe du tribunal d’arrondissement de Luxembourg
Cité judiciaire –
L-2080 Luxembourg
Information regarding the procedure to follow and the required documents will be made available as soon as possible by the liquidators nominated by the district court, namely Maître Alain RUKAVINA and Deloitte Tax & Consulting SARL, in the person of M. Eric COLLARD.
Luxembourg, 3 July 2019
THE CSSF DETERMINES THE UNAVAILABILITY OF DEPOSITS AT ABLV BANK LUXEMBOURG S.A.
On 24 February 2018, the Luxembourg Banking authority (“Commission de Surveillance du secteur financier”, hereinafter “CSSF”) has determined that deposits at the Luxembourg based ABLV Bank Luxembourg S.A., established and having its registered office at 26a, Boulevard Royal, L-2449 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B162048 (hereinafter “ABLV”) are unavailable. This determination follows the Single Resolution Board’s Decision dated 23 February which is published on the site https://srb.europa.eu/en/node/495.
Deposit Guarantee
The Luxembourg deposit guarantee fund (“Fonds de garantie des dépôts Luxembourg”, hereinafter “FGDL”) covers all eligible deposits of each depositor up to EUR 100,000, regardless of the number of deposits, their currency and their origin or place of residence of the depositor, in accordance with the law of 18 December 2015 on the failure of credit institutions and certain investment firms.
The reimbursement process
ABLV Bank Luxembourg S.A. has the responsibility to transmit to the FGDL all the information required for the calculation of the reimbursement, as well as the depositors’ contact data, without the customer having to intervene. Each eligible depositor will receive within the next few days an information letter accompanied by a form either by mail or through ABLV’s Internetbank. Depositors are requested to return the completed and signed form to the FGDL. The form allows them to provide the FGDL with a new account number at another bank to which the reimbursement will be transferred.
The FGDL shall make the reimbursement of covered deposits by bank transfer in euros within seven working days, provided that the depositor has communicated a new account number to the FGDL and that the entitlement to the reimbursement has been established. The repayment period is three months in the cases listed in article 176, paragraph (2) of the abovementioned law, and the repayment may be deferred in the cases listed in article 176, paragraph (8) of the said law.
Depositors of ABLV who have not received a letter until 7 March 2018 are kindly asked to contact the FGDL by e-mail (info@fgdl.lu) or by telephone (+ 352 27 0 22-1).
More details on how the deposit guarantee works can be found on the web page http://www.fgdl.lu/en .
Luxembourg, 25 February 2018