Notification to clients of ERB Bank, a.s.: The Financial Market Guarantee system will start the payout of basic compensation for deposit claims on 20 October 2016 through selected branches of Česká spořitelna, a.s.

Notification to clients of ERB Bank, a.s.: The Financial Market Guarantee system will start the payout of basic compensation for deposit claims on 20 October 2016 through selected branches of Česká spořitelna, a.s.

Prague, 17 October 2016 – On 20 October 2016, the Financial Market Guarantee System (hereinafter the “Guarantee System”) will start the payout of compensation for insured deposits to clients of ERB bank, a.s., with its registered office at Štefánikova 78/50, 150 00 Prague 5, Company ID No. 284 28 943, through selected branches of Česká spořitelna, a.s....

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The Financial Market Guarantee System

  • a more comprehensive protection system for depositors and promotion of stability on the financial market
  • established 1. 1. 2016
  • administers the Deposit Insurance Fund and the Crisis Resolution Fund

Deposit Insurance

EUR 100,000

banks, building societies, credit cooperatives

7 business days

Crisis Resolution

restructuring tools

role and powers of the Czech National Bank

financing crisis resolution