Universal bank

Today the Czech National Bank in agreement with the Ministry of Finance asked the Deposit Insurance Fund to arrange the payment of compensation for insured deposits to clients of Universal banka a.s. At the same time it urged Universal banka to prepare documents quickly so that the Deposit Insurance Fund could organise and effect the payment of compensation in a short time. In compliance with an amendment to the Act on Banks, the legal insurance of deposits applies to all non-anonymous koruna deposits of natural and legal entities. The compensation will be paid at the amount of 90% of the insured deposit, up to a maximum of CZK 400,000. Non-insured deposits and the remaining part of the insured deposits will continue to be client claims against Universal banka a.s.

CNB - M. Švehla