(Budapest, 2 March, 2022) 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 (OBA) for the protection of depositors begins the compensation process. 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 a maximum of HUF 38,047,000 per depositor to depositors who were identified by Sberbank under the Anti-Money Laundering Act.

Click here for more information.