When and how are guaranteed deposits reimbursed?
The guaranteed deposits payout from the Fund’s resources must begin no later than within 20 business days following the protected event date. This period may be extended for additional 10 business days upon the request of a bank bankruptcy administrator. Under the current transitional solution to be in effect until 31 December 2011, the payout must begin 45 business days following the protected event date.
The Deposit Protection Fund shall organize the payout via one or more banks and depositors shall be informed thereof via the media.