As at 19 April the Guarantee Fund had dispersed a total of 84 million euros to 2400 Versobank AS clients to compensate their deposits. The Guarantee Fund started disbursing compensations on 5 April.
“The disbursement of compensation payments to the clients of Versobank has gone quite smoothly. At the start of the process some clients had difficulties in seeing and confirming the balance of their bank account, but the liquidators of the bank have managed to solve these problems quite quickly. So far the Guarantee Fund has made compensation payments to clients that have contacted the liquidator and indicated they want their deposits in Versobank to be compensated”, said Riin Heinaste, Director of the Guarantee Fund.
The authorisation of Versobank AS has been withdrawn
On 26th of March 2018, the European Central Bank, as proposed by Finantsinspektsioon, withdrew the authorisation of Versobank AS to operate as a credit institution. The authorisation was withdrawn due to serious and long-lasting breaches of legal requirements, particularly concerning the prevention of money laundering and combating the financing of terrorism.
Tel: + 372 6680 570
email: press at fi dot ee
Information line for compensation of deposits:
Tel: +372 6680 580
Website of Finantsinspektsioon: www.fi.ee
Website of the Guarantee Fund: www.tf.ee/eng