Thursday, December 11, 2014

National Fund for credit unions do not want to pay a liability for credit unions … – GazetaPrawna.pl

National Fund for credit unions do not want to pay a liability for credit unions … – GazetaPrawna.pl

A spokesman for National Fund for Credit Unions Radio Information Agency said that the institution does not fund Wołomin claims of credit union members. Forbids us to do so by law – said Andrzej Danube. The so-called liquidity loan may in fact be granted only if the credit unions have the ability to repay. CU receivership manager Wołomin not yet made a rehabilitation program, therefore it is not possible to reliably assess the actual state of the credit unions – said Andrzej Danube.

The Financial Supervision Commission, the ball bounces and a statement claiming that under the Act, the purpose of the National Fund is to provide financial stability of banks, building societies and in particular the provision of financial support. The Communication states that the provisions of the Banking Law of the creditworthiness of the study do not apply to the activities of the National Fund assistance. Supervision also emphasizes that, the National Association in March this year withdrew its application for approval by the KNF pattern bailout loan agreement.
Financial Supervision Commission suspended the activities of credit unions Wołomin, because this is not solvent. If the fund does not receive support, supervision applies for bankruptcy Wołomińska checkout. That, within 20 days, it will start payment of deposits from the Bank Guarantee Fund.

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