Posts tagged as creditors

New Greek government faces swift test from creditors

Monday, July 8, 2019

Conservative party leader Kyriakos Mitsotakis was sworn in as Greece’s new prime minister Monday, a day after his resounding win over left-wing Alexis Tsipras, who led the country through the tumultuous final years of its international bailouts. Mitsotakis, 51, was elected on a pledge to cut bailout-era taxes and ease draconian budget targets set by Greece’s creditors during the years of financial rescue — commitments that could be put to…

FCMC approves methodology for ABLV Bank’s liquidation

Thursday, March 7, 2019

The Financial and Capital Market Commission (FCMC) at an extraordinary meeting on Wednesday approved the methodology for screening the creditors of ABLV Bank for the bank’s self-liquidation, FCMC spokeswoman Ieva Upleja reported LETA. ABLV liquidator Arvids Kostomarovs told LETA earlier that payments to creditors will be started not sooner than 2-3 months after FCMC approves the methodology. As reported, the European Central Bank annulled ABLV Bank’s license in July 12, 2018.…

Latvian financial watchdog approves voluntary liquidation of ABLV Bank

Wednesday, June 13, 2018

The Finance and Capital Market Commission has approved the ABLV Bank’ plan for voluntary liquidation, the head of the Finance and Capital Market Commission, Peters Putnins, announced at a news conference on Tuesday. The Latvian financial watchdog has also approved all four liquidators proposed by the bank – Arvids Kostomarovs, Andris Kovalcuks, Elvijs Vebers and Eva Berlaus. They are law and finance experts. Vebers is also an insolvency administrator. The…