For ABLV/PNB Bank clients

Who can receive state-guaranteed compensation?

In accordance with the Deposit Guarantee law, state-guaranteed compensation can be issued to ABLV Bank’s Latvian and international customers - private customers and legal persons - who have deposits in ABLV Bank (for exceptions see below.)

State-guaranteed compensation applies to all depositors’ funds - term deposits, current accounts, wage accounts, savings accounts, etc. (not including financial instrument accounts).

By law, guaranteed compensation is not issued:

  • For deposits with which no transactions have been made in the past 2 years, and whose value is less than 10 EUR.
  • For deposits linked with money laundering or recognised as laundered money.
  • Credit institutions, financial institutions, insurance companies, private pension funds, investment management firms and investment broker companies.

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