Disbursement of guaranteed compensation to JSC TRASTA KOMERCBANKA customers will be started on 16.03.2016

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Riga, 11.03.2016.

Press Release

Disbursement of guaranteed compensation to joint stock company TRASTA KOMERCBANKA customers will be started on 16.03.2016

Today, the Financial and Capital Market Commission (FCMC) made a decision on the form and procedure for the disbursement of guaranteed compensation to customers of JSC TRASTA KOMERCBANKA. Guaranteed compensation of up to EUR 100,000 will be paid to all JSC TRASTA KOMERCBANKA customers, including those customers of the bank’s Cyprus branch who are entitled to such compensation.

The disbursement of guaranteed compensation to JSC TRASTA KOMERCBANKA customers will be made according to the following procedure:

• From 16.03.2016, the bank’s customers may submit applications for the payment of guaranteed compensation at all JSC TRASTA KOMERCBANKA branches (in Riga, Daugavpils, Liepaja, and in Cyprus) during their working hours, or via the online banking system, if such a type of communication has been envisaged by the customer agreement;

• The payment of the guaranteed compensation per depositor will be made as a lump sum payment;

• The guaranteed compensation will be paid only by transfer to an account with another bank indicated by the depositor; no cash payments will be made;

• JSC TRASTA KOMERCBANKA shall not be entitled to apply any commission or fees to the guaranteed compensation;

• The amounts guaranteed to customers will be calculated based on the information in the bank’s accounting records on the date when the deposits became inaccessible (04.03.2016).

Complaints from the bank’s customers regarding their recognition as depositors entitled to guaranteed compensation, as well as the amounts of the guaranteed compensation and disbursement dates, will be reviewed by the FCMC. The application form is available on the FCMC website at: http://www.fktk.lv/lv/klientu-aizsardziba/garantiju-fondu-darbiba/noguldijumu-garantiju-fonds.html. Applications may be sent by e-mail to fktk@fktk.lv as an attachment signed by secure electronic signature, by post, or submitted to the FCMC in person at the address 1 Kungu St., Riga, LV-1050, and also on the Latvija.lv portal: https://www.latvija.lv/lv/PPK/tiesibu-aizsardziba/iesniegums-iestadei/p3395/DokumentiUnVeidlapas.

Additional information for JSC TRASTA KOMERCBANKA customers about the disbursement of state-guaranteed compensation is available (in Latvian): http://www.fktk.lv/lv/mediju-telpa/pazinojumi-masu-informacijas-l/2016/5664-par-valsts-garanteto-atlidzibu-izmaksu-as-trasta-komercbanka-klientiem.html

For customers:

To find out more about the disbursement procedure of guaranteed compensation, please contact the FCMC by phone: 67774831; 67774851; 67774846

For media:

Financial and Capital Market Commission 

Communication Department

Phone: 67774808, 67774807, 67774860 

Mobile phone: 29476003


Kungu iela 1, Riga, LV-1050
6 7774800
To report on unauthorised firms
Data protection

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