Compensation payments archive

In 2000 – 2004, the Deposit Protection Fund fulfilled its legal obligation to pay compensation for inaccessible deposits in four banks with inaccessible deposits, namely in AG Bank, a.s., Slovenská kreditná banka, a.s., Dopravná banka, a.s. and Devín banka, a.s., which were declared insolvent by the National Bank of Slovakia.

Overview of paid out compensation for inaccessible deposits

 

AG Banka, a.s.

Date of declaration of the bank as unable to pay out deposits

3.12.1999

Disbursing bank

Slovenská sporiteľňa, a.s.

Period for payment of compensation for inaccessible deposits

10.1.2000 – 10.1.2003

Maximum compensation amount for inaccessible deposit
for 1 deposit holder

10,306.71 € (310,500 Sk)

Number of paid deposit holders

24,145

Total amount of compensation paid

57,840,914.40 €

(1,742,515,387.48 Sk)

 

Slovenská kreditná banka, a.s.

Date of receivership announcement

19.4.2000

Date of declaration of the bank as unable to pay out deposits

19.5.2000

Disbursing bank

Všeobecná úverová banka, a.s.

Period for payment of compensation for inaccessible deposits

19.6.2000 – 19.6.2003

Maximum compensation amount for inaccessible deposit
for 1 deposit holder

10,688.44 € (322,000 Sk)

Number of paid deposit holders

33,142

Total amount of compensation paid

143,320,588.80 €

(4,317,676,058.08 Sk)

 

Dopravná banka, a.s.

Date of receivership announcement

1.7.2000

Date of declaration of the bank as unable to pay out deposits

18.7.2000

Disbursing bank

Slovenská sporiteľňa, a.s.

Period for payment of compensation for inaccessible deposits

14.8.2000 – 14.8.2003

Maximum compensation amount for inaccessible deposit
for 1 deposit holder

10,894.24 € (328,200 Sk)

Number of paid deposit holders

24,372

Total amount of compensation paid

73,793,684.66 €

(2,223,108,543.96 Sk)

 

Devín banka, a. s.

Date of receivership announcement

24.8.2001

Date of declaration of the bank as unable to pay out deposits

21.9.2001

Disbursing bank

Slovenská sporiteľňa, a.s.

Period for payment of compensation for inaccessible deposits

5.11.2001 – 31.12.2018

Maximum compensation amount for inaccessible deposit
for 1 deposit holder

11,783.84 € (355,000 Sk)

Number of paid deposit holders

125,469

Total amount of compensation paid

385,577,622.85 €

(11,615,911,466.09 Sk)

In 2012, the Fund arranged for the cross-border compensation payouts to depositors of cooperative credit union UNIBON, spořitelní a úvěrní družstvo, Ostrava, which had an organizational unit established in the Slovak Republic and whose deposits are protected by the Czech Deposit Protection System – the Deposit Insurance Fund. On 2 July 2012, the Czech National Bank declared inability of this credit union to meet its obligations due to depositors.

The Fund organised the compensation payments for inaccessible deposits in the UNIBON branch in Slovakia through Všeobecná úverová banka, a.s., during the period from 23 July 2012 to 22 July 2015. Compensation paid on behalf of the Czech Fund totalled EUR 1,836,358.42.

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