ABLV Bank Luxembourg, S.A. recognized as stable
On March 9th, 2018, the Luxembourg Commercial Court ruled that the regulator refused to start the liquidation process of ABLV Bank Luxembourg, S.A. and appointed external administrators who will work at the bank in the next six months before finding a new investor.
The court noted the good financial performance of the Luxembourg bank and found its activity stable. The bank's capital adequacy ratio is 29%, and the liquidity level is 383%. In addition, the bank does not have unsecured loans.
It is worth noting that the bank already has potential investors who have expressed interest in acquiring it.
On materials of the following website: https://www.ablv.com/ru/press/2018-03-09-sud-priznal-stabilnost-banka-ablv-bank-luxembourg-s-a-i-razreshil-prodazhu-novym-investoram
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