ABLV Bank
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.
| Formerly | Aizkraukles Banka AB.LV |
|---|---|
| Company type | JSC |
| Industry | Financial services |
| Founded | 1993 |
| Defunct | 2018 |
| Fate | Dissolved |
| Headquarters | Riga , |
Key people | Ernests Bernis Oļegs Fiļs Vadim Reinfeld |
Net income | €79.34 mln (2016) |
| Total assets | €3849.59 mln (2016) |
| Total equity | €366.65 mln (2016) |
| Website | www |
Following accusations of money laundering by the United States Department of the Treasury and continued pressure from national regulatory agencies, on 26 February 2018 the ABLV board voted to start the process of voluntary liquidation. The liquidation plan was approved on June 12.
ABLV had three primary lines of business: private banking, investment and financial planning.
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