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.
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.
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.
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.
21/12/2015The EBA has received a notification from the German Federal Financial Supervisory Authority in relation to the determination of the unavailability of deposits at North Channel Bank GmbH & Co KG that required the use of DGS funds. The bank had 454 covered depositors with covered deposits of EUR 17 million. Click here to view the notification letter.
09/02/2023
The EBA has received a notification from the Latvian Financial and Capital Market Commission in relation to the determination of the unavailability of deposits at Baltic International Bank SE that required the use of DGS funds. The bank had 1,257 covered depositors with covered deposits of EUR 44 million. Click here to view the notification letter.
28/12/2022
The EBA has received a notification from the Dutch Central Bank in relation to the determination of the unavailability of deposits at Amsterdam Trade Bank N.V. that required the use of DGS funds. The bank had covered deposits of approximately EUR 700 million. Click here to view the notification letter.
22/04/2022
02/03/2022
01/03/2022
28/02/2022
02/08/2021
30/07/2021
23/06/2021
16/03/2021
14/07/2020
02/07/2020
02/03/2020
16/10/2019
25/07/2019
21/01/2019
The EBA has received a notification from Malta Depositor Compensation Scheme in relation to determination of the unavailability of deposits at Nemea Bank plc.
03/04/2017The EBA has received a notification from VI „Indeliu ir investiciju 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"
- VI "Indeliu ir investiciju draudimas" ("Deposit and Investment Insurance") information about pay-out arrangements to Credit Union "Žemaitijos iždas" depositors
30/03/2017
The EBA has received a notification from VI „Indeliu ir investiciju draudimas" ( the Lithuanian Deposit and Investment Insurance state company) in relation to determination on unavailability of deposits at Credit Union "PAJURIO".
Related links:
Additional notifications in Lithuanian
- Notification from the Bank of Lithuania in relation to determination of the unavailability of deposits about Credit Union "Pajurio"
- VI "Indeliu ir investiciju draudimas" ("Deposit and Investment Insurance") information about pay-out arrangements to Credit Union "Pajurio" depositors
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 Spóldzielcza Kasa Oszczednosciowo-Kredytowa (Wielkopolska Credit Union).
On February 3, 2017 the Polish Financial Supervision Authority suspended operations and filed for bankruptcy of Wielkopolska Spóldzielcza Kasa Oszczednosciowo-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.
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 Banka splitsko - dalmatinska d.d. which required the use of DGS funds to reimburse 8212 depositors. The guaranteed deposits amounted to EUR 50.87 million.
Click here to view the notification letter.
23/05/2021
22/05/2020
21/01/2020
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