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.
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