PAYMENT OF INDEMNITIES TO START

Small depositors to receive their indemnities from tomorrow on The National Deposit Insurance Fund (NDIF) starts the indemnification of the more than 15 thousand depositors of Soltvadkert és Vidéke Savings Association tomorrow. The Hungarian Post starts delivering the indemnity amounts up to one hundred thousand Forints to the depositors on Wednesday. The affected depositors will receive guidance on the receipt of the amounts not exceeding one million Forints by post. It was the fast processing of the data of the savings association that allowed that the payments could start within five work days. All the depositors with clear eligibilities will receive their payment settlements by Friday. The total amount of… Read More

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NDIF Starts Indemnifying the Depositors of “Soltvadkert és Vidéke” Savings Association

Press Release (Budapest, June 20, 2012) The National Deposit Insurance Fund of Hungary (NDIF) starts indemnifying the depositors of Soltvadkert és Vidéke Takarékszövetkezet (Savings Association) on this day and it will complete this process within 20 work days. As part of the compensation process, the depositors (be they private individuals or business entities) may receive an indemnity of a maximum amount equivalent to 100 thousand euros, i.e. 28,962,000 HUF per capita. With effect from June 1, 2012, the Hungarian Financial Supervisory Authority withdrew the operating license of Soltvadkert és Vidéke Takarékszövetkezet, and at the same time, it ordered the windup of the institution. As a result of the amendment of… Read More

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