Following launch of the sale process of VeloBank S.A. on June 30, 2023, Bank Guarantee Fund has received non-binding offers and is in the process of evaluating these, concluding Round 1 of the sale process. The next stage of the process will commence in due course with shortlisted investors being invited to
BFG launches the sale process of VeloBank S.A.
VeloBank is a universal bank that offers innovative financial solutions facilitating everyday life for individual customers, small and medium-sized companies, some selected corporations as well as local governments and residential co-operatives, with focus on green energy transition. The BFG owns 51% of VeloBank S.A. shares
On 29 September 2022, the Bank Guarantee Fund adopted a resolution decision for Getin Noble Bank S.A. (“the Bank”). On 30 September 2022, the Fund’s decision was delivered to the Bank. Thus, on that date, the resolution process against Getin Noble Bank S.A. was initiated. Also on that date, the Bank’s capital
The Bank Guarantee Fund, the Polish Deposit Guarantee Scheme, signed on September 8, 2022, a Memorandum of Understanding with its Ukrainian counterpart: the Deposit Guarantee Fund (DGF, Фонд гарантуванная вклодив).
The agreement was signed at the headquarters of BFG by the President of the Management Board of BFG Piotr Tomaszewski and the Managing
On the Fund’s website, in the section “Resolution – MREL Methodology”, the Fund’s approach to the calculation and maintenance of the MREL requirement (MREL Methodology) has been published.
We kindly invite you to read!
President of the BFG Management Board became the member of the Strategic Planning Working Group (SPWG) of the International Association of Deposit Insurers (IADI). The group is responsible for developing solutions that will enable the reform of the association.
On 9 October 2016 entered into force the Act on the Bank Guarantee Fund, Deposit Guarantee Scheme and Resolution (the Act on BFG).
Under the new Act on BFG the Fund has gained new powers enabling to carry out a resolution action. The Fund may start the resolution process, if any opportunities to
During the period of 2014-2017, the Bank Guarantee Fund (BFG) paid out PLN 4.326 bln of guaranteed funds to depositors of 11 failed credit unions and PLN 2.174 bln to depositors of two failed cooperative banks.
Total guarantee liabilities in both cases (including amounts not yet collected by depositors) amounted to PLN 6.549