Notifications on resolution cases and use of DGS funds

The EBA acts as a central hub for information on crisis prevention, management and resolution of credit institutions in the Union based on the notifications received from the respective national authorities regarding (i) resolution actions taken in relation to an institution, (ii) any determination of unavailability of deposits and DGSs' pay-outs, (iii) any use of DGSs' funds to finance measures in order to prevent the failure of an institution, and (iv) any use of DGSs' funds to finance measures to preserve access of depositors to their covered deposits in insolvency.

The EBA publishes the notifications received from both resolution and DGS designated authorities on its website in order to ensure information is easily accessible by the public.

The European Banking Authority is responsible only for the accurate reproduction of the information received from national authorities, while responsibility for the accuracy of its content, lies with those national authorities.

Resolution cases

Notification from the Central Bank of Hungary in relation to the termination of the resolution of MKB Bank Zrt

The European Banking Authority  (EBA) has received a notification from the Magyar Nemzeti Bank (the Central Bank of Hungary) regarding the termination of the resolution of MKB Bank Zrt.

To find out more about the previous decisions taken regarding the resolution of MKB Bank Zrt, click here.

04/07/2016

Notification from the Bank of Greece in relation to the termination of the resolution of Cooperative Bank of Peloponnese Coop Ltd.

The EBA has received a notification from the Bank of Greece in relation to the termination of the resolution of Cooperative Bank of Peloponnese Coop Ltd.
To find out more about the previous decisions taken regarding the resolution of Cooperative Bank of Peloponnese Coop Ltd, click here.
08/06/2016

Notification from the Austrian Financial Market Authority

The EBA has received a notification from the Austrian Financial Market Authority (Finanzmarktaufsicht, FMA), in its capacity as Resolution Authority, in relation to the application of resolution measures to Heta Asset Resolution AG.
To find out more about the previous decisions taken regarding the resolution of Heta Asset Resolution AG, click here.
 

11/04/2016

Notification from the Bank of Italy on the resolution of four banks

The EBA has received a notification from the Bank of Italia, in its capacity as the Resolution Authority, in relation to the application of resolution measures to the Banca delle Marche, Banca Popolare dell'Etruria e del Lazio, Cassa di Risparmio di Ferrara and Cassa di Risparmio della Provincia di Chieti. 

23/02/2016

Notification from Finansiel Stabilitet in respect of the sale of Andelskassen J.A.K. Slagelse

The EBA has received a notification from Finansiel Stabilitet (Danish Resolution Authority) in respect of the sale of Andelskassen J.A.K. Slagelse, an institution that was put under its control in the context of the application of resolution measures.
To find out more about the previous decisions taken regarding the resolution of Andelskassen J.A.K. Slagelse, click here.
 

23/02/2016

Notification from the Banco de Portugal in relation to Novo Banco

The EBA has received a notification from Banco de Portugal on the completion of the resolution of Banco Espírito Santo through the re-transfer of five senior bonds from Novo Banco to Banco Espírito Santo.

04/01/2016

Notification from the Portuguese Government and Banco de Portugal

The EBA acknowledges notification from the Portuguese Government and Banco de Portugal with respect to their decision on the the sale and resolution of Banco Internacional do Funchal, S.A (BANIF). The press release of Banco de Portugal on the sale of Banif - Banco Internacional do Funchal, S.A can be found here.

21/12/2015

Notification from the Croatian National Bank and the State Agency for Deposit Insurance and Bank Resolution
Notification from the Bank of Greece

The EBA acknowledges notification from the Bank of Greece with respect to Panellinia Bank S.A.

27/04/2015

 

Liquidation cases with DGS payouts

Notification from the Bank Guarantee Fund in Poland in relation to determination of the unavailability of deposits at NIKE Credit Union

The EBA has received a notification from the Bankowy Fundusz Gwarancyjny (the Bank Guarantee Fund in Poland) in relation to determination of the unavailability of deposits at NIKE Credit Union.

14/06/2017

Notification from Bankowy Fundusz Gwarancyjny on unavailability of deposits at Twoja Spółdzielcza Kasa Oszczędnościowo-Kredytowa (Twoja Credit Union)

The EBA has received a notification from the Bankowy Fundusz Gwarancyjny (the Bank Guarantee Fund in Poland) in relation to the determination of the unavailability of deposits at Twoja Spółdzielcza Kasa Oszczędnościowo-Kredytowa (Twoja Credit Union).

On May 12, 2017 the Polish Financial Supervision Authority suspended operations and filed for bankruptcy of Twoja Spółdzielcza Kasa Oszczędnościowo-Kredytowa (Twoja Credit Union).

The credit union possessed 14 019 depositors with guaranteed deposits amounted to EUR 39.3 million. The date of determination of the unavailability of deposits was May 12, 2017.

The direct reason for the determination of unavailability of deposits was the fact that assets of the credit union were not sufficient to meet its obligations. From May 22 to July 21, 2017 the bank agent (BZ WBK S.A.) reimburses deposits to the depositors.

The Bank Guarantee Fund continues the reimbursement process to the date of May 11, 2022.

22/05/2017

Notification from Malta Depositor Compensation Scheme on unavailability of deposits at Nemea Bank plc

The EBA has received a notification from Malta Depositor Compensation Scheme in relation to determination of the unavailability of deposits at Nemea Bank plc.

03/04/2017

 

Notification from the Deposit and Investment Insurance of Lithuania in relation to determination of the unavailability of deposits at credit union "ŽEMAITIJOS IŽDAS"

The EBA has received a notification from VĮ „Indėlių ir investicijų draudimas" (the Lithuanian Deposit and Investment Insurance state company) in relation to determination on unavailability of deposits at credit union "ŽEMAITIJOS IŽDAS"


Related links:

Additional notifications in Lithuanian

- Notification from the Bank of Lithuania in relation to determination of the unavailability of deposits at Credit Union "Žemaitijos iždas"

VĮ "Indėlių ir investicijų draudimas"  ("Deposit and Investment Insurance") information about pay-out arrangements to Credit Union "Žemaitijos iždas" depositors

30/03/2017

Notification from the  Deposit and Investment Insurance of Lithuania in relation to determination of the unavailability of deposits at credit union "PAJŪRIO"

The EBA has received a notification from VĮ „Indėlių ir investicijų draudimas" ( the Lithuanian Deposit and Investment Insurance state company) in relation to determination on unavailability of deposits at Credit Union "PAJŪRIO".
 

Related links:

Additional notifications in Lithuanian

Notification from the Bank of Lithuania in relation to determination of the unavailability of deposits about Credit Union "Pajūrio"

- VĮ "Indėlių ir investicijų draudimas"  ("Deposit and Investment Insurance") information about pay-out arrangements to Credit Union "Pajūrio" depositors

30/03/2017

Notification from the Bank Guarantee Fund in Poland in relation to determination of the unavailability of deposits at Wielkopolska Spółdzielcza Kasa Oszczędnościowo-Kredytowa (Wielkopolska Credit Union).

The EBA has received a notification from the Bankowy Fundusz Gwarancyjny (the Bank Guarantee Fund in Poland) in relation to determination of the unavailability of deposits at Wielkopolska Spółdzielcza Kasa Oszczędnościowo-Kredytowa (Wielkopolska Credit Union).
 
On February 3, 2017 the Polish Financial Supervision Authority suspended operations and filed for bankruptcy of Wielkopolska Spółdzielcza Kasa Oszczędnościowo-Kredytowa (Wielkopolska Credit Union). The credit union possessed 39 575 depositors with guaranteed deposits amounted to EUR 66.1 million (PLN 284.2 million).  
 
The direct reason for the determination of unavailability of deposits was the fact that assets of the credit union were not sufficient to meet its obligations. The deposits reimbursement started on February 13, 2017 (6th working day). From February 13 to April 14, 2017 the bank agent (PKO Bank Polski S.A.) reimburses deposits to the depositors.
 
The Bank Guarantee Fund will continue the reimbursement process to the date of February 2, 2022.

17/02/2017

Notification from the Bank Guarantee Fund in Poland in relation to determination of the unavailability of deposits at Bank Spółdzielczy w Nadarzynie (Cooperative Bank in Nadarzyn).

The EBA has received a notification from the Bankowy Fundusz Gwarancyjny (the Bank Guarantee Fund in Poland) in relation to determination of the unavailability of deposits at Bank Spółdzielczy w Nadarzynie (Cooperative Bank in Nadarzyn).
 
On October 24, 2016 the Polish Financial Supervision Authority suspended operations and filed for bankruptcy of Bank Spółdzielczy w Nadarzynie (Cooperative Bank in Nadarzyn) – the date of determination of the unavailability of deposits. The bank possessed 5595 depositors with guaranteed deposits amounted to EUR 33.7 million (PLN 145.6 million).  
 
The direct reason for the determination of unavailability of deposits was lack of current liquidity. The deposits reimbursement started on November 2, 2016 (6th working day). From November 2 to December 30, 2016 the bank agent (BZ WBK S.A.) reimbursed deposits to the depositors.
 
The Bank Guarantee Fund continues the reimbursement process to the date of October 23, 2021.


15/11/2016

Other DGS interventions