DRB Banking Group – Compensation Affects 13 counties

In connection with the liquidation of the DRB Banking Group the National Deposit Insurance Fund (NDIF) will pay compensation to over 73,000 depositors, in the amount of nearly HUF 103 billion in the first round. The banking group had branches in nearly all counties: the banks subjected to the liquidation proceeding had branches in Budapest as well as in 13 counties. The largest group of customers live in Somogy county, who are also eligible for the highest compensation, nearly HUF 25 billion in total. Regarding the number of customers living in cities, Pécs, Budapest and Kaposvár are on top of the list. NDIF started to pay out compensations to the… Read More

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DRB Banking Group – 73,000 depositors will receivea a total compensation of nearly HUF 103 billion in the first round

In connection with the liquidation of the DRB Banking Group the National Deposit Insurance Fund (NDIF) will pay compensation to over 73,000 depositors, in the amount of nearly HUF 103 billion in the first round. Out of the 64,000 private individual depositors 22,558 (customers with less than HUF 100,000 in deposits) will receive their compensation through the Hungarian Post from today on. At the same time, the posting of notices to the other private individuals and 10,000 legal entities has also started. By the fifth working day of the compensation procedure NDIF has processed the data of 99.5% of the affected depositors, and has transferred them to the paying agents… Read More

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NDIF to start the indemnification of the depositors of the DRB Banking Group

Press release   3 March 2015   The National Deposit Insurance Fund (NDIF) will start the indemnification of the depositors of the DRB Banking Group tomorrow, and will complete the process within 20 working days. The customers of BUDA Regionális Bank, Dél-Dunántúli Regionális Bank, Dél-Dunántúli Takarék Bank and Észak-magyarországi Regionális Bank can receive a maximum compensation of HUF 30,461,000, i.e. the HUF equivalent of EUR 100,000 per person, independent of whether they are individual or corporate customers. Up to HUF 100,000 the entire amount of the compensation will be delivered in cash to the customers’ homes by the Hungarian Postal Service. Depositors eligible for higher indemnities will be notified by… Read More

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