FGDL_CP1801_ABLV_BANK_250218.pdf

The CSSF (Commission de Surveillance du Secteur Financier) has determined the inability of deposits at ABLV Bank Luxembourg S.A., a Luxembourg-based bank. This determination is based on the decision of the European Single Resolution Board published on February 23, 2018.

Key points:

• The deposit guarantee fund, FGDL, covers all eligible deposits up to €100,000 per person.
• Deposits accepted after February 24, 2018, are not covered by the FGDL.
• Remuneration will be made directly by ABLV Bank Luxembourg S.A. to the FGDL.
• The remuneration process will begin with a letter and form sent to depositors, which they must return to the FGDL.
• The remuneration will be made in euros by bank transfer within seven working days after receipt of the completed form.
• Depositors who have not received a letter by March 7, 2018, are encouraged to contact the FGDL.