About the indemnification of the depositors of Széchenyi Kereskedelmi Bank

ANNOUNCEMENT   In its resolution No. H-JÉ-I-535/2014 the Central Bank of Hungary (MNB) revoked the operating licence of Széchenyi Kereskedelmi Bank (Széchenyi Commercial Bank, registered office: 1126 Budapest, Nagy Jenő utca 12.) and has ordered its liquidation. Consequently, pursuant to Act CCXXXVII of 2013 on Credit Institutions and Financial Enterprises (Hpt.) NDIF will start the indemnification of depositors on 8 December 2014, and will complete the process within 20 working days. Amount of indemnification Pursuant to the above Act, NDIF will make personalised payments on deposit and interest claims calculated up to 5 December 2014 in the amount of maximum HUF 30,705,000, i.e. the HUF equivalent of maximum EUR 100,000… Read More

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About the indemnification of the depositors of Széchenyi István Credit Union

ANNOUNCEMENT In its resolution No. H-JÉ-I-528/2014 the Central Bank of Hungary (MNB) revoked the operating licence of Széchenyi István Credit Union (registered office: 8900 Zalaegerszeg, Kossuth Lajos u. 62-64.) and the court has ordered its liquidation. Consequently, pursuant to Act CCXXXVII of 2013 on Credit Institutions and Financial Enterprises (Hpt.) NDIF will start the indemnification of depositors on 5 December 2014, and will complete the process within 20 working days. Amount of indemnification Pursuant to the above Act, NDIF will make personalised payments on deposit and interest claims calculated up to 4 December 2014 in the amount of maximum HUF 30,688,000, i.e. the HUF equivalent of maximum EUR 100,000 per… Read More

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About the indemnification of the depositors of ALBA Cooperative Savings Bank

ANNOUNCEMENT   In its resolution No. H-JÉ-I-317/2014 the National Bank of Hungary revoked the operating licence of ALBA Cooperative Savings Bank (registered office: 8000 Székesfehérvár, Táncsics Mihály u. 2.) and the court has ordered its liquidation. Consequently, pursuant to Act CCXXXVII of 2013 on Credit Institutions and Financial Enterprises (Hpt.) NDIF will start the indemnification of depositors on 18 September 2014, and will complete the process within 20 working days. Amount of indemnification Pursuant to the above Act, NDIF will make personalised payments on deposit and interest claims calculated up to 17 September 2014 in the amount of maximum HUF 31,396,000, i.e. the HUF equivalent of maximum EUR 100,000 per… Read More

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Information for the depositors of ‘Orgovány és Vidéke’ Cooperative Savings Bank

ANNOUNCEMENT about the indemnification of the depositors of Orgovány és Vidéke Cooperative Savings Bank In its resolution No. H-JÉ-I-281/2014 the National Bank of Hungary revoked the operating licence of Orgovány és Vidéke Cooperative Savings Bank (registered office: 6077 Orgovány, Kölcsey u. 2/a.) and upon the initiative of NBH the court has ordered the liquidation of the savings bank. Consequently, pursuant to Act CCXXXVII of 2013 on Credit Institutions and Financial Enterprises (Hpt.) NDIF will start the indemnification of depositors after 25 July 2014, and will complete the process within 20 working days. Amount of indemnification Pursuant to the above Act, NDIF will make personalised payments on deposit and interest claims… Read More

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