The National Deposit Insurance Fund of Hungary (NDIF) and the Deposit Insurance Agency of Albania (ADIA) signed a Memorandum of Understanding on 21st of October 2022, in Budapest. The Memorandum was signed by the Managing Director of NDIF, Mr. András Kómár and the General Director of ADIA, Mr. Genci Mamani. The Memorandum aims at increasing the cooperation between the signatory parties by exchanging and sharing experience and strengthening the human capacities, with a view to develop the deposit insurance schemes in respective jurisdictions in compliance with the international standards.This initiative is considered as an important development for NDIF, in accordance with its policies to further develop collaboration with counterpart institutions,… Read More
Continue ReadingCLIENT INFORMATION ABOUT THE DEPOSIT GUARANTEE ASPECTS OF THE MERGER OF BUDAPEST BANK ZRT. AND MKB BANK NYRT.
MKB Bank Nyrt. and Budapest Bank Zrt. will merge on 31 March 2022 and will continue to carry out credit institution activities under the name MKB Bank Nyrt.In respect of a deposit guarantee perspective, this means that if a depositor has a deposit in both banks (bank account, fixed-term deposit, etc.), then the compensation threshold of EUR 100-100 thousand for deposits placed in the two institutions will change.Under the relevant legislation, for 3 months, i.e. until 30 June 2022, deposits in the two banks continue to be covered separately by deposit guarantee up to 100 thousand euros. However, taking into account the fact that we are talking about a single… Read More
Continue ReadingInformation about the procedure after the 10th business day of compensation
Information about the procedure after the 10th business day of compensationBudapest, 18 March 2022 By decision H-JÉ-I-74/2022, the Central Bank of Hungary withdrew the licence of Sberbank Magyarország Zrt. (hereinafter: Sberbank, headquartered in: 1088 Budapest, Rákóczi rd 1-3.) and ordered the liquidation of the credit institution. As a consequence, under Act CCXXXVII of 2013 on Credit Institutions and Financial Enterprises (Hpt.), the National Deposit Insurance Fund (hereinafter referred to as OBA). commenced on 3 March 2022 and shall provide depositors with compensation within 10 working days at the latest by 18 March 2022. Click here for more information.
Continue ReadingQuestions about compensation
Questions about compensationBudapest, 14 March 2022 By decision H-JÉ-I-74/2022, the Central Bank of Hungary withdrew the licence of Sberbank Magyarország Zrt. (hereinafter: Sberbank, headquartered in: 1088 Budapest, Rákóczi rd 1-3.) and ordered the liquidation of the credit institution. Consequently, based on act CCXXXVII of 2013 on credit institutions and financial undertakings. (Hpt.) the National Deposit Insurance Fund (hereinafter: OBA) commenced on 3 March 2022 and shall provide depositors with compensation within 10 working days at the latest by 18 March 2022. Click here for more information.
Continue ReadingCOMPENSATION OF THE DEPOSITORS OF SBERBANK MAGYARORSZÁG ZRT. ‘V.A.’ (UNDER LIQUIDATION)
Dear Sberbank Depositors, Please note that from 11 March 2022, with the involvement of Takarékbank Zrt.’s branch network, the compensation procedure for the depositors of Sberbank Magyarország Zrt. “v.a.” was launched for the below depositors.• individuals with a compensation amount of over HUF 2,500 000 ,• companies with a compensation amount above 20 000 HUF .The National Deposit Insurance Fund (OBA) acts in view of the interests of the clients so that depositors can get their money as soon as possible; they may receive their money sooner and the compensation statement will only be sent to them later by post. Click here for more information.
Continue ReadingStarting postal payments
Starting postal paymentsBudapest, 10th March, 2022 By decision H-JÉ-I-74/2022, the Central Bank of Hungary withdrew the licence of Sberbank Magyarország Zrt. (hereinafter: Sberbank, headquartered in: 1088 Budapest, Rákóczi rd 1-3.) and ordered the liquidation of the credit institution. As a consequence, under Act CCXXXVII of 2013 on Credit Institutions and Financial Enterprises (Hpt.), the National Deposit Insurance Fund (hereinafter referred to as OBA) commenced on 3 March 2022 and shall provide depositors with compensation within 10 working days at the latest by 18 March 2022. On 11th March, 2022 (Friday), the payment of compensation with the participation of Magyar Posta Zrt. Click here for more information.
Continue ReadingStarting payments
The Central Bank of Hungary withdrew the operating licence of Sberbank Magyarország Zrt. (hereinafter referred to as: Sberbank, headquartered in: 1088 Budapest, Rákóczi rd. 1-3.) by its decision no. H-JÉ-I-74/2022 and initiated the liquidation of the credit institution. As a consequence, under Act CCXXXVII of 2013 on Credit Institutions and Financial Enterprises (Hpt.), the National Deposit Insurance Fund (hereinafter referred to as: OBA) commenced on 3 March 2022 and shall provide depositors with compensation within 10 working days at the latest by 18 March 2022. Starting payments On the basis of the data received from Sberbank today, OBA began to pay compensation, so depositors can expect the credits to their… Read More
Continue ReadingABOUT THE COMPENSATION OF THE DEPOSITORS OF SBERBANK HUNGARY ZRT.
The Central Bank of Hungary withdrew the operating licence of Sberbank Magyarország Zrt. (hereinafter referred to as: Sberbank, headquartered in: 1088 Budapest, Rákóczi rd. 1-3.) by its decision no. H-JÉ-I-74/2022 and initiated the liquidation of the credit institution. As a consequence, under Act CCXXXVII of 2013 on Credit Institutions and Financial Enterprises (Hpt.), the National Deposit Insurance Fund (hereinafter referred to as: OBA) for the protection of depositors began the compensation on 3 March 2022 and will provide the depositors with compensation within 10 working days. Intermediary Bank OBA entrusted Takarékbank Zrt. (hereinafter referred to as: Takarékbank) to pay, for and on behalf of it as a so-called intermediary bank… Read More
Continue ReadingABOUT THE COMPENSATION OF THE DEPOSITORS OF SBERBANK HUNGARY ZRT.
The Central Bank of Hungary withdrew the operating licence of Sberbank Magyarország Zrt. (hereinafter referred to as: Sberbank, headquartered in: 1088 Budapest, Rákóczi rd. 1-3.) by its decision no. H-JÉ-I-74/2022 and initiated the liquidation of the credit institution. As a consequence, under Act CCXXXVII of 2013 on Credit Institutions and Financial Enterprises (Hpt.), the National Deposit Insurance Fund (hereinafter referred to as: OBA) for the protection of depositors began the compensation on 3 March 2022 and will provide the depositors with compensation within 10 working days. Click here for more information.
Continue ReadingTHE COMPENSATION OF THE DEPOSITORS OF SBERBANK HUNGARY ZRT. IS BEGINNING
The Central Bank of Hungary withdrew the operating licence of Sberbank Magyarország Zrt. (hereinafter referred to as: Sberbank) headquartered in: 1088 Budapest, Rákóczi rd. 1-3.) by its decision no. H-JÉ-I-74/2022 with effect from 2nd March, 2022 and initiated the liquidation of the credit institution. As a consequence, under Act CCXXXVII of 2013 on Credit Institutions and Financial Enterprises (Hpt.), the National Deposit Insurance Fund (OBA) for the protection of depositors begins the compensation. According to the statutory requirement, the OBA has 10 working days to make compensation available to depositors. On the basis of deposit and related interest claims in Sberbank, OBA will pay, as a basic rule, compensation for… Read More
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