# ABLV Bank

ABLV Bank is an Asset Manager based in Riga, Latvia.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Riga, Latvia
- **Region:** Europe
- **Address:** Skanstes iela 7 k-1, Riga, Latvia, LV-1013
- **Assets under management:** Undisclosed
- **Website:** ablv.com
- **LinkedIn:** https://www.linkedin.com/company/ablv-bank

## Regulatory record

- **Reports private funds:** No

## About

ABLV Bank was the largest private bank in Latvia and a holding with more than 40 companies operating in the banking, investment management, brokerage, real-estate sector, etc. We were devoted to rendering tailored solutions to private and corporate clients in Latvia, as well as to exporting high-quality financial services, mostly to clients from the CIS states. However, following the February 2018 events, we were forced to go into voluntary liquidation. Currently, all bank employees are working to disburse funds to creditors and perform the largest company liquidation that ever took place in Latvia in the most effective and transparent way.

## People

- Jānis Kārkliņš — Likvidators (Liquidator)
- Armands Smans — Likvidators (Liquidator)

## Questions

### Is ABLV Bank an operating institution or in liquidation?

ABLV Bank is in self-liquidation. On 26 February 2018, shareholders voted for self-liquidation after the U.S. Treasury's FinCEN issued a notice and Latvian regulators restricted deposit availability. The liquidation plan was approved in June 2018 by the Latvian regulator. The entity no longer conducts banking, lending, or investment operations.

### Who runs ABLV Bank in its liquidation phase?

The liquidation is managed by a Liquidation Committee composed of two court- and regulator-approved liquidators: sworn advocates Jānis Kārkliņš and Armands Smans. They serve as the decision-making body, replacing the former management board and shareholders.

### What is the objective of the self-liquidation?

The stated objective is to satisfy creditor claims in full, provided there are no legal impediments. The firm asserts that its assets exceed its liabilities, forming the basis for the regulatory approval of the voluntary wind-down rather than an involuntary insolvency proceeding.

### Does ABLV Bank manage any investment portfolios or make new deals?

No. The entity is exclusively a claims-resolution vehicle. It does not originate loans, make new investments, or manage third-party capital. Its activities are limited to asset realization, creditor settlement, and administrative dissolution.

### Where is ABLV Bank headquartered?

The liquidation is managed from the bank's registered office at Skanstes iela 7 k-1, Riga, Latvia, LV-1013. The firm maintains a public website, ablv.com, to communicate liquidation rules, updates, and creditor information.

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Last updated: 2026-06-03T20:00:00.000Z

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