KNF suspended operations unions “Jupiter” in Czeladź – Onet.pl

“If until 22 April 2016. For hours. 14.00 KNF does not receive confirmation that the National Association gave unions Jupiter funds in the amount of cash that removes the state of insolvency, that on 25 April 2016. KNF apply to the competent court requesting the bankruptcy of the cooperative cash “- KNF stressed in the message.

As explained, on August 11 last year KNF established in unions Jupiter manager of trustees. “The findings manager komisarycznej that credit unions Jupiter showed on 10 August 2015. Negative own funds according to the balance sheet in the amount of (-) 20.3 million zł and a negative capital adequacy ratio (-) 28.4 per cent., Which means deep insolvency “- noted KNF.

In mid-March 2016. The Commission stated that” no other cooperative cash does not have the ability to take credit unions Jupiter in a way that can ensure the safety of deposits held by the hand and discontinued the administrative proceedings conducted in this regard. ” The Commission – as outlined in the Communication – has decided to initiate administrative proceedings ws. Investigate the possibility of taking over unions “Jupiter” by the bank. “In response to the announcement KNF not reported to any bank willing to participate in the process of acquisition of credit unions Jupiter” – added.

the Communication KNF shows that at the end of February. JUMP “Jupiter” have own funds according to the balance of minus 21.5 million zł, the capital adequacy ratio at the level of minus 21.7 percent. and showed a total loss of 37.6 million zł. At the end of March 2016. State deposits gathered by 15.7 thousand. members of credit unions “Jupiter” amounted to 82.5 million zł.

According to the Law on the Bank Guarantee Fund, “guaranteed funds are paid by the BFG within 20 working days from the date of filing for bankruptcy cooperative cash.” “As a whole are guaranteed by BFG deposits in total to the equivalent of PLN 100 thousand euros, regardless of the number of accounts held by the depositor at the credit unions. In the case of a joint account each of the co-owners are entitled to a separate limit of guaranteed funds” – emphasized in the message.