€83 million paid out to ABLV clients within month

Take note – story published 6 years and 1 month ago

From March 3, when the Citadele bank started paying out state-guaranteed compensations to the clients of imploded ABLV Bank, a total 5,000 clients have been paid a total of about €83 million, Citadele representative Baiba Ābelniece told Latvian Radio April 3. 

Out of these, 4,000 were local and 1,000 international clients including companies. 

State-guaranteed compensation disbursements to ABLV Bank clients is being provided by Citadele Bank. Compensation will be available until the 3rd of March 2023.

ABLV had around 22,000 clients, 14,000 of whom were overseas or non-resident clients and who are all eligible for compensation of up to 100,000 euros. 

Clients with deposits of more than €100,000 will be able to put their claims to the bank as it's being liquidated. 

Read more HERE to learn how to apply for compensation. 

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