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.

Documents

Links

Resolution Committee

Resolution cases

Notification from Poland’s Bank Guarantee Fund in relation to the resolution of Getin Noble Bank S.A.

The EBA acknowledges the notification from the Bank Guarantee Fund in its capacity as the Polish Resolution Authority with respect to its decision on the resolution of the Getin Noble Bank S.A.

04/10/2022

Notification from the Croatian National Bank in respect of the adoption of the decision of the opening of resolution proceedings against Sberbank d.d., Zagreb

The EBA acknowledges notification from the Croatian National Bank with respect to its decision on the resolution of Sberbank d.d., Zagreb
Decision on the opening of resolution proceedings against Sberbank d.d., Zagreb | Decision on the appointment of the Resolution Administration of Sberbank d.d. | Letter to the EBA
01/03/2022

Notification from the Bank of Slovenia in respect of the adoption of the decision of the opening of resolution proceedings against Sberbank banka, d. d.

The EBA acknowledges notification from the Bank of Slovenia with respect to its decision on the resolution of Sberbank banka, d. d.
Notice of the resolution procedure of Sberbank banka d.d. | Letter to the EBA
01/03/2022

Notification from Poland’s Bank Guarantee Fund on the commencement of resolution actions

The EBA received notification from Poland’s Bank Guarantee Fund on the commencement of resolution actions (write-down or conversion of capital instruments, the application of the sale of business resolution tool, and the appointment of an administrator) for Idea Bank S.A.

07/01/2021

Notifications from Finansiel Stabilitet on its two decisions related to the resolution of Kobenhavns Andelskasse

Notifications from Finansiel Stabilitet on its two decisions related to the resolution of Kobenhavns Andelskasse The European Banking Authority (EBA) has received two notifications from Finansiel Stabilitet regarding its decisions (first decision and second decision) on the resolution of Kobenhavns Andelskasse.

23/02/2016

Notifications from FROB in relation to the resolution of Banco Popular Espanol

The EBA has received notification from the Fondo de Reestructuracion Ordenada Bancaria (the Fund for Orderly Bank Restructuring, FROB) regarding resolution actions taken by the Single Resolution Board and the FROB in respect of Banco Popular Espanol.
To find out more, click here for our press release and the summary of the decision of the decision.
For FROB notification and press release, click here and here.

16/06/2017

Notification from the Bank of Italy on updated resolution strategy for four banks

The European Banking Authority (EBA) has received a notification from the Baca d'Italia (Bank of Italy) regarding the updated resolution strategy for four banks (the Banca delle Marche, Banca Popolare dell'Etruria e del Lazio, Cassa di Risparmio di Ferrara and Cassa di Risparmio della Provincia di Chieti) which have been put under resolution on 25 November 2015.
To find out more about the decision, click here.
To find out more about the previous decisions taken regarding resolution of these banks, click here.

05/06/2017

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 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

The EBA acknowledges notification from the Croatian National Bank and the State Agency for Deposit Insurance and Bank Resolution with respect to its decision on the resolution of Jadranska banka d.d. Šibenik.

13/10/2015

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 German Federal Financial Supervisory Authority (BaFin) in relation to the determination of the unavailability of deposits at North Channel Bank GmbH & Co KG

The 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

Notification from the Latvian Financial and Capital Market Commission in relation to the determination of the unavailability of deposits at Baltic International Bank SE

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

Notification from the Dutch Central Bank in relation to the determination of the unavailability of deposits at Amsterdam Trade Bank N.V.

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

Notification from the National Deposit Insurance Fund of Hungary in relation to the determination of the unavailability of deposits at Sberbank Hungary Private Company Limited by Shares

The EBA has received a notification from the National Deposit Insurance Fund of Hungary in relation to the determination of the unavailability of deposits at Sberbank Hungary Private Company Limited by Shares that required the use of DGS funds. The bank had 65,158 covered depositors with covered deposits of EUR 385.8 million. Click here to view the notification letter.

02/03/2022

Notification from the Austrian Financial Market Authority in relation to the determination of the unavailability of deposits at Sberbank Europe AG

The EBA has received a notification from the Austrian Financial Market Authority in relation to the determination of the unavailability of deposits at Sberbank Europe AG that required the use of DGS funds. The bank had 26,000 covered depositors with covered deposits of EUR 947 million, among which 25,870 covered depositors with covered deposits of EUR 939.6 million were from the branch established in Germany of Sberbank Europe AG.

01/03/2022

Notification from the Czech Financial Market Guarantee System in relation to the determination of the unavailability of deposits at Sberbank CZ a.s.

The EBA has received a notification from the Czech Financial Market Guarantee System in relation to the determination of the unavailability of deposits at Sberbank CZ a.s. that required the use of DGS funds. The bank had 118,500 covered depositors with covered deposits of CZK 25,530 million. Click here to view the notification letter.

28/02/2022

Notification from the Czech National Bank in relation to the determination of the unavailability of deposits at Československé Úvěrní Družstvo

The EBA has received a notification from the Czech National Bank in relation to the determination of the unavailability of deposits at Československé Úvěrní Družstvo (“Credit Union of Czechoslovakia”) that required the use of DGS funds. The bank had 25 covered depositors with covered deposits of CZK 48.2 million. Click here to view the notification letter.

02/08/2021

Notification from the Austrian Financial Market Authority in relation to the determination of the unavailability of deposits at AutoBank AG

The EBA has received a notification from the Austrian Financial Market Authority in relation to the determination of the unavailability of deposits at AutoBank AG that required the use of DGS funds. The bank had 21,144 covered depositors with covered deposits of EUR 107.1 million, among which 1,056 covered depositors with covered deposits of EUR 32.3 million were from the branch established in Germany of AutoBank AG.

30/07/2021

Notification from Bank of Norway in relation to the determination of the unavailability of deposits at Optin Bank ASA

The EBA has received a notification from Bank of Norway in relation to the determination of the unavailability of deposits at Optin Bank ASA that required the use of DGS funds. The bank had 820 covered depositors with covered deposits of NOK 267 million. Click here to view the notification letter.

23/06/2021

Notification from the German BaFin in relation to the determination of the unavailability of deposits at Greensill Bank AG

The EBA has received a notification from German Federal Financial Supervisory Authority (Bafin) in relation to the determination of the unavailability of deposits at Greensill Bank AG that required the use of DGS funds. Click here to view the notification letter.

16/03/2021

Notification from the Austrian Financial Market Authority in relation to the determination of the unavailability of deposits at Commerzialbank Mattersburg im Burgenland Aktiengesellschaft

The EBA has received a notification from the Austrian Financial Market Authority in relation to the determination of the unavailability of deposits at Commerzialbank Mattersburg im Burgenland Aktiengesellschaft that required the use of DGS funds. The bank had approximately 12,221 covered depositors with covered deposits of EUR 490 million.

14/07/2020

Notification from the Central Bank of Ireland in relation to the determination of the unavailability of deposits at Drumcondra and District Credit Union

The EBA has received a notification from the Central Bank of Ireland in relation to the determination of the unavailability of deposits at Drumcondra and District Credit Union that required the use of DGS funds. The bank had 5,129 covered depositors with covered deposits of EUR 13.5 million. Click here to view the notification letter.

02/07/2020

Notification from the Austrian Financial Market Authority in relation to the determination of the unavailability of deposits at Anglo Austrian AAB AG

The EBA has received a notification from the Austrian Financial Market Authority in relation to the determination of the unavailability of deposits at Anglo Austrian AAB AG (formerly Meinl Bank AG) that required the use of DGS funds. The bank had 9,926 covered depositors with covered deposits of EUR 59 million. .

02/03/2020

Notification from the Latvian Financial and Capital Market Commission in relation to the determination of the unavailability of deposits at JSC PNB Banka

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 JSC PNB Banka which required the use of DGS funds. The bank had 60,996 depositors with covered deposits of 279m EUR. Click here to view the notification letter.

16/10/2019

Notification from the Polish Bank Guarantee Fund in relation to the determination of the unavailability of deposits at Bank Spółdzielczy w Grębowie (Grębów Cooperation Bank)

The EBA has received a notification from the Polish Bank Guarantee Fund in relation to the determination of the unavailability of deposits at Bank Spółdzielczy w Grębowie (Grębów Cooperation Bank) which required the use of DGS funds. The bank had 2,362 depositors with covered deposits of 5,4m EUR. Click here to view the notification letter.

25/07/2019

Notification from the Latvian Financial and Capital Market Commission (FCMC) in relation to the determination of the unavailability of deposits at ABLV Bank

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

Notification from the Tagatisfond (the Estonian Deposit Guarantee Scheme) in relation to the determination of the unavailability of deposits at Versobank AS

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

Notification from the German BaFin in relation to the determination of the unavailability of deposits at Dero Bank AG

The EBA has received a notification from German Federal Financial Supervisory Authority (Bafin) in relation to the determination of the unavailability of deposits at Dero Bank AG that required the use of DGS funds
Click here to view the notification letter.

09/03/2018

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

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

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.

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

Notification from the Deposit and Investment insurance in Lithuania in relation to the determination of the unavailability of deposits at Taupkase credit union

Notification from the Deposit and Investment insurance in Lithuania in relation to the determination of the unavailability of deposits at Centro taupomoji kasa credit union

Notification from the Deposit and Investment insurance in Lithuania in relation to the determination of the unavailability of deposits at Vilniaus kreditas credit union

Notification from the Deposit and Investment insurance in Lithuania in relation to the determination of the unavailability of deposits at Baltija credit union

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

Notification from the Deposit and Investment insurance in Lithuania in relation to the determination of the unavailability of deposits at Namu credit union

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

Notification from the Bank Guarantee Fund in Poland in relation to the determination of the unavailability of deposits at SKOK Wybrzeze 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 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

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 Spóldzielcza Kasa Oszczednosciowo-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 Spóldzielcza Kasa Oszczednosciowo-Kredytowa (Twoja Credit Union).

On May 12, 2017 the Polish Financial Supervision Authority suspended operations and filed for bankruptcy of Twoja Spóldzielcza Kasa Oszczednosciowo-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 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"

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

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

30/03/2017

Notification from the Bank Guarantee Fund in Poland in relation to determination of the unavailability of deposits at Wielkopolska Spóldzielcza Kasa Oszczednosciowo-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 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.

17/02/2017

Notification from the Bank Guarantee Fund in Poland in relation to determination of the unavailability of deposits at Bank Spóldzielczy 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 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

Notification from the Lithuanian Deposit and Investment Insurance Scheme in relation to the determination of the unavailability of deposits at Credit Union Amber.

The EBA has received a notification from the Lithuanian Deposit and Investment Insurance Scheme in relation to the determination of the unavailability of deposits at Credit Union Amber that required the use of DGS funds. The bank had 995 covered depositors with covered deposits of EUR 20.1 million. .

20/09/2016

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

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.

25/05/2016

Other DGS interventions

Notification from Bank of Italy in relation to the national insolvency proceeding of Aigis Banca S.p.A.

The EBA has received a notification from Bank of Italy as Designated Authority in relation to the national insolvency proceeding of Aigis Banca S.p.A. which required the use of funds (EUR 48.8 million) from the Italian Interbank Deposit Protection Fund (Fondo Interbancario di Tutela dei Depositi) in order to support the transfer of the assets and liabilities (including the deposit book) of the mentioned bank to the Banca Ifis S.p.A. Aigis Banca S.p.A. had 11,777 covered depositors with covered deposits of EUR 404,946 million. Click here to view the notification letter.

23/05/2021

Notification from the German Bafin in relation to the use of available financial means of a deposit guarantee scheme to prevent the failure of Norddeutsche Landesbank (NordLB)

The EBA has received a notification from German Federal Financial Supervisory Authority (BaFin) in relation to the use of the available financial means of the Protection scheme of the German Savings Banks Association (DSGV) to prevent the failure of Norddeutsche Landesbank (NordLB). Click here to view the notification letter.

22/05/2020

Notification from the Bank of Italy in relation to the use of deposit guarantee scheme’s available financial means to prevent the failure of Banca del Fucino

The EBA has received a notification from the Bank of Italy in relation to the use of deposit guarantee scheme’s available financial means to prevent the failure of Banca del Fucino. Click here to view the notification letter.

21/01/2020

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.

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