On unavailability of deposits at JSC “Trasta komercbanka” and payment of guaranteed compensation to customers

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Riga, 04.03.2016

Press Release 

On unavailability of deposits at JSC “Trasta komercbanka” and payment of guaranteed compensation to customers

The Board of the Financial and Capital Market Commission (FCMC) during its meeting of 4 March 2016 declared the occurrence of unavailability of deposits in JSC “Trasta komercbanka” following the decision adopted by the European Central Bank (ECB) on 3 March 2016 to withdraw the authorisation of the bank.


Guaranteed compensation of up to EUR 100 000 both to natural and legal persons for all types of deposits in any currency has been paid out from the Deposit Guarantee Fund (DGF). Guaranteed compensation applies to eligible deposits of customers, deposit interest accrued to the date of the occurrence of unavailability of deposits, current account or salary account balances and the funds in the savings accounts. Guaranteed compensation covers also deposits with the bank’s branch in Cyprus.

Guaranteed compensation for each eligible customer will be calculated adding up deposits in all accounts if the deposits are split into multiple accounts. 

FCMC will seek an opportunity to launch payments of guaranteed compensation as soon as possible. According to the Deposit Guarantee Law disbursement of the guaranteed compensation shall be started within 20 working days of the date of the occurrence of unavailability. 

The FCMC Board will decide on the procedure, venue and timing for payment of guaranteed compensation and inform of it the public. 

For further information on guaranteed compensation payment please visit the FCMC website at: http://www.fktk.lv/lv/mediju-telpa/pazinojumi-masu-informacijas-l/2016/5638-informacija-as-trasta-komercbanka-klientiem-par-valsts-garanteto-atlidzibu-izmaksu.html



Further information:

Agnese Līcīte

Public Relations Specialist

FCMC Communications Division  

Telephone  +371 67774808, +371 29467009, 








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