Friday, December 12, 2014

BFG warranty may be covered by deposits of credit unions … Wołomin – Pulse of Business

BFG warranty may be covered by deposits of credit unions … Wołomin – Pulse of Business

“According to our current knowledge the list of people who will be covered by the protection offered, will be about 60 thousand. The specific number of depositors will be subject to verification by the BFG and will be known later,” – said on Friday PAP Hare.

“It is estimated that the sum of guaranteed deposits will amount to 2.2 billion zł. This amount is subject to verification at all times and calculated. In recent days, we had outflows of deposits, and now you have to convert” – he added.

Hare said that the loan portfolio CU Wołomin is about 2.5 billion zł, and the structure of the largest share of credit secured by mortgage loans.

The Financial Supervision Commission decided on Friday to make an application for bankruptcy CU Wołomin. This application is related to the loss of an opportunity to regulate the CU Wołomin its obligations regarding the disbursement of funds to depositors.

According to the Act on the BGF, guaranteed funds are paid by the BFG within 20 working days from the date of application for bankruptcy cash.

Since November 2013 years, credit unions are covered by deposit guarantee scheme. The total guaranteed by BFG deposits equivalent to a total of PLN 100 thousand. Euro, regardless of the number of accounts held by the depositor in the box office.

According to earlier reports, at the end of October 2014. Overdue loans accounted for 79.8 percent of the gross. Wołomin loan portfolio credit unions.

JUMP Wołomin is one of the largest credit unions in Poland.

At the end of June 2014, total assets amounted to CU Wołomin zł 3.1 billion.

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