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Annual report of the Bank Guarantee Fund
2020
4.3 The fulfilment of the guarantee condition for
banks in the case of which the Bank Guarantee
Fund applied to the competent court for the
declaration of bankruptcy
Podkarpacki Bank Spółdzielczy w Sanoku
Following the Fund’s application to the District Court in Rzeszów on 30 June 2020 for the declaration of bankruptcy
of PBS w Sanoku, on that day the guarantee condition with respect to the Bank was fulfilled. However, in view of the
Fund’s earlier decision on the initiation of resolution against the Bank, write-down of the Bank’s capital instruments,
application of resolution toolresolution tool against the Bank and appointment of the Bank’s administrator, pursuant
to which all of the guaranteed funds accumulated in PBS w Sanoku were transferred to a bridge institution, i.e. Bank Nowy
BFG S.A., the Fund abandoned activities related to the preparation and execution of disbursements of guaranteed funds
to the Bank’s depositors.
Bank Spółdzielczy w Przemkowie (BS w Przemkowie)
On 29 October 2020, the Fund applied to the District Court in Legnica for the declaration of bankruptcy of BS
w Przemkowie. Therefore, this day became the day of fulfilment of the guarantee condition with respect to the Bank.
Performing the tasks set out in the decision of the Management Board of the Fund on the initiation of resolution against the
Bank, write-down of the Bank’s capital instruments, application of the resolution tool against the Bank and appointment
of the administrator of BS w Przemkowie, as of 2 May 2020 (i.e. before the date of fulfilment of the guarantee condition
with respect to the Bank) as a result of applying the resolution tool in the form of takeover of the enterprise, all the funds
of the Bank’s depositors constituting funds covered by the guarantee protection were taken over by SGB-Bank S.A. with
its registered office in Poznań. In view of the above, the Fund abandoned its activities related to the preparation and
execution of disbursements of guaranteed funds to the depositors of BS w Przemkowie.
Contents
Annual report of the Bank Guarantee Fund
2020
4.3 The fulfilment of the guarantee condition for
banks in the case of which the Bank Guarantee
Fund applied to the competent court for the
declaration of bankruptcy
Podkarpacki Bank Spółdzielczy w Sanoku
Following the Fund’s application to the District Court in Rzeszów on 30 June 2020 for the declaration of bankruptcy
of PBS w Sanoku, on that day the guarantee condition with respect to the Bank was fulfilled. However, in view of the
Fund’s earlier decision on the initiation of resolution against the Bank, write-down of the Bank’s capital instruments,
application of resolution toolresolution tool against the Bank and appointment of the Bank’s administrator, pursuant
to which all of the guaranteed funds accumulated in PBS w Sanoku were transferred to a bridge institution, i.e. Bank Nowy
BFG S.A., the Fund abandoned activities related to the preparation and execution of disbursements of guaranteed funds
to the Bank’s depositors.
Bank Spółdzielczy w Przemkowie (BS w Przemkowie)
On 29 October 2020, the Fund applied to the District Court in Legnica for the declaration of bankruptcy of BS
w Przemkowie. Therefore, this day became the day of fulfilment of the guarantee condition with respect to the Bank.
Performing the tasks set out in the decision of the Management Board of the Fund on the initiation of resolution against the
Bank, write-down of the Bank’s capital instruments, application of the resolution tool against the Bank and appointment
of the administrator of BS w Przemkowie, as of 2 May 2020 (i.e. before the date of fulfilment of the guarantee condition
with respect to the Bank) as a result of applying the resolution tool in the form of takeover of the enterprise, all the funds
of the Bank’s depositors constituting funds covered by the guarantee protection were taken over by SGB-Bank S.A. with
its registered office in Poznań. In view of the above, the Fund abandoned its activities related to the preparation and
execution of disbursements of guaranteed funds to the depositors of BS w Przemkowie.
Contents
