Regulator publishes ABLV Q&A for depositors

Latvia's bank regulator, the Financial and Capital Market Commission (FKTK) has published a handy question and answer format fact sheet for account holders with ABLV bank on how and when they might expect to get their compensation payments up to a limit of 100,000 euros.

The fact sheet is can be read at the FKTK site HERE.

FKTK also published an infographic outlining how the Deposit Guarantee Scheme works, which likens it to a basket full of balls of wool with threads leading in various directions.

Documents

NGF-infografiks-ENG.pdf

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As previously reported by LSM, ABLV is in the process of being liquidated following a decision by the European Central Bank that it was likely to fail.

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