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

Liquidation cases with DGS payouts

The EBA has received a notification from the Latvian Financial and Capital Market Commission (FCMC) in relation to the determination of the unavailability of deposits at ABLV Bank AS which required the use of DGS funds. Click here to view the notification letter.

 

21/01/2019
The EBA has received a notification from the Tagatisfond (the Estonian Deposit Guarantee Scheme) in relation to the determination of the unavailability of deposits at Versobank AS which required the use of DGS funds to reimburse 3606 depositors. The guaranteed deposits amounted to EUR 93.4 million.
Click here to view the notification letter.

27/03/2018
The EBA has received a notification from the State Agency for Deposit Insurance and Bank Resolution in Croatia in relation to the determination of the unavailability of deposits at Tesla štedna banka d.d. which required the use of DGS funds to reimburse 7 depositors. The guaranteed deposits amounted to EUR 1364.59.
Click here to view the notification letter.

26/02/2018
The EBA has received a notification from the Conseil de protection des déposants et investisseurs (Luxembourg Deposit Guarantee Fund) in relation to the determination of the unavailability of deposits at ABLV Bank Luxembourg S.A. which required the use of DGS funds.

Click here to view the notification letter.

24/02/2018
The EBA has received a notification from Indeliu ir investiciju draudimas (the Deposit and Investment insurance) in Lithuania in relation to the determination of the unavailability of deposits at Taupkase credit union which required the use of DGS funds to reimburse 2572 depositors. The guaranteed deposits amounted to EUR 18.68 million.

Click here to view the notification letter.

27/02/2018
The EBA has received a notification from Indeliu ir investiciju draudimas (the Deposit and Investment insurance) in Lithuania in relation to the determination of the unavailability of deposits at Centro taupomoji kasa credit union which required the use of DGS funds to reimburse 1000 depositors. The guaranteed deposits amounted to EUR 10.56 million.

Click here to view the notification letter.

08/02/2018
The EBA has received a notification from Indeliu ir investiciju draudimas (the Deposit and Investment insurance) in Lithuania in relation to the determination of the unavailability of deposits at Vilniaus kreditas credit union which required the use of DGS funds to reimburse 1247 depositors. The guaranteed deposits amounted to EUR 20.4 million.

Click here to view the notification letter.

01/12/2017
The EBA has received a notification from Indeliu ir investiciju draudimas (the Deposit and Investment insurance) in Lithuania in relation to the determination of the unavailability of deposits at Baltija credit union which required the use of DGS funds to reimburse 967depositors. The guaranteed deposits amounted to EUR 8.61 million.

The EBA received a notification about the use of DGS funds to reimburse additional 58 depositors whose guaranteed deposits amounted to EUR 2.9 million. In total, the credit union therefore possessed 1025 depositors with guaranteed deposits amounting to EUR 11.51 million.

Click here to view the initial notification letter.

Click here to view the follow-up notification letter.

01/12/2017
The EBA has received a notification from the Indeliu ir investiciju draudimas (the Deposit and Investment insurance) in Lithuania in relation to the determination of the unavailability of deposits at Namu credit union which required the use of DGS funds to reimburse 319 depositors. The guaranteed deposits amounted to EUR 1.09 million.

The EBA received a notification about the use of DGS funds to reimburse additional 10 depositors whose guaranteed deposits amounted to EUR 0.29 million. In total, the credit union therefore possessed 329 depositors with guaranteed deposits amounting to EUR 1.38 million.

Click here to view the initial notification letter.

Click here to view the follow-up notification letter.

01/12/2017
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 SKOK Wybrzeze credit union which required the use of DGS funds to reimburse 7,696 depositors. The guaranteed deposits amounted to EUR 28.2 million.

Click here to view the notification letter.

26/09/2017
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 Spóldzielczy w Nadarzynie (Cooperative Bank in Nadarzyn).

On October 24, 2016 the Polish Financial Supervision Authority suspended operations and filed for bankruptcy of Bank Spóldzielczy 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

The EBA has received a notification from the Italian Interbank Deposit Protection Fund (Fondo Interbancario di Tutela dei Depositi) in relation to the national insolvency proceeding of Banca Sviluppo Economico S.p.A. which required the use of DGS funds (EUR 4.5 million) in order to support the transfer of the assets and liabilities (including the deposit book) of the mentioned bank to the Banca Agricola Popolare di Ragusa S.p.A.. The guaranteed deposits amounted to EUR 26.80 million covering 1602 depositors.The notification was received from the Bank of Italy as National Designated Authority.

 

Click here to view the notification letter.

 

27/07/2018