Körmend: 10,000 DEPOSITORS TO BE INDEMNIFIED Most depositors can receive their money already on Friday Following the bankruptcy of the Körmend és Vidéke Savings Cooperative Bank the National Deposit Insurance Fund (NDIF) will indemnify 10,072 depositors. The payment of indemnifications equalling maximum HUF 1 million will be started on Friday by the Hungarian Post. Delivery of the related notices will also start on Friday to the residential addresses of customers above this limit. The commencement of payments has been made possible by the fast processing of the data stock of the savings bank. The total amount to be paid as indemnification exceeds HUF 22 billion. By the fourth working day… Read More

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