Call for Requests for Increased Compensation for Insured Deposits with Sberbank CZ, a.s.

Prague, March 4, 2022 - The Financial Market Guarantee System is calling natural persons entitled to receive increased compensation for deposits¹ kept with Sberbank CZ, a.s. with its registered office at U Trezorky 921/2, 158 00 Praha 5, company ID 250 83 325, to submit requests for the payment of increased deposit compensation no later than April 28, 2022.

The Guarantee System will pay entitled persons increased compensation above the basic limit of CZK 2,499,500 (an amount equivalent to EUR 100,000 at the exchange rate of CZK/EUR 24.995 announced by the Czech National Bank on February 28, 2022), up to an additional amount of CZK 2,499,500 per depositor.

Persons entitled to receive increased compensation from the Deposit Insurance Fund are natural persons who

• were depositors (or other entitled persons) as of February 28, 2022, i.e. on the day the Guarantee System received a written notification from the Czech National Bank about the inability of Sberbank CZ, a.s. to meet its obligations to entitled persons under legal and contractual conditions,
• meet the conditions for the payout of increased compensation for an insured deposit, i.e. if their account has been credited with an amount that constitutes
  • the purchase price from the sale of immovable property used for residential purposes according to the data in the Land Registry,
  • settlement of the joint property of spouses in the event of divorce,
  • insurance benefits in the event of accident, illness, disability or death,
  • inheritance,
  • a one-off settlement from supplementary pension insurance with state contribution or supplementary pension savings,
  • severance pay paid upon termination of employment or allowance paid upon termination of service,
  • insurance benefits in the event of damage caused by a criminal offense,
  • compensation for damage caused through a criminal offense or surrender of unjust enrichment obtained through a criminal offense,
  • compensation for damage caused through a decision on detention, punishment or a protective measure,
  • financial assistance to the victim of a crime,
    and, at the same time, this amount was credited to the account or the entitled person first became entitled to dispose of this amount in the period from November 28, 2021 to February 28, 2022,
• request the payment of increased compensation and prove their entitlement through the relevant documents.

A sample request for the payment of increased compensation and a list of its mandatory annexes are posted here.

A request for the payment of increased compensation may be delivered by mail or by hand on business days between 8 a.m. and 4 p.m. to/at the following address:

The Financial Market Guarantee System
Týn 639/1
110 00 Praha 1

No account will be taken of requests submitted after the expiry of the two-month statutory period, which expires on April 28, 2022.

The requesting party will be notified of the settlement of their request no later than June 28, 2022.

If you find anything unclear while preparing your request, you may contact the Guarantee System’s information hotline +420 237 762 796 and may check the additional information available on the Guarantee System’s website.

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¹ in accordance with Section 41ea of the Act on Banks, No 21/1992, as amended

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