Between November 29 and 10:00 this morning, 75’161 Latvijas Krājbanka clients have received state guaranteed compensation at a total sum of LVL 271.8 million in Latvia. This means that during the course of the past three weeks, 34% of those Latvijas Krājbanka clients who are to receive the compensation have already done so. 82% of the total sum of compensation has been paid out already.
As announced previously, on 29 November the Citadele Bank started pay-out of the state-guaranteed reimbursement to the depositors of AS “Latvijas Krājbanka” in Latvia.
The state-guaranteed reimbursement concerns all types of funds – deposits, disbursement accounts, salary accounts, savings, including interest calculated by November 22. The compensation can be received via a transfer to an account at Citadele or any other bank, or it can be received in cash. Citadele clients who use online banking services can submit instructions via that system.
Clients who wish to withdraw more than LVL 500 in cash must contact the bank in advance, because for security reasons, the bank does not store excessive amounts of cash in its tills. People are also asked to register for a visit to the bank on www.citadele.lv or by ringing the Citadele Client Support Centre on the 24/7 number +371 6701 0000, as well as 1188. This will allow people to avoid the queue.
The funds to be disbursed to clients of Latvijas Krājbanka are guaranteed by the Latvian State.
In compliance with the Law on Deposit Guarantees, the state guarantees to reimburse the clients of Latvijas Krājbanka in the amount of 100 000 euro equivalent in lats or 70 280.40 lats. The clients are entitled to receive the guaranteed reimbursement over the course of upcoming 60 years or even up to the year 2071.
In compliance with the law, the state-guaranteed reimbursement can be received also by those clients of Latvijas Krājbanka, who are not residents of Latvia.
The clients, whose deposit amount in Latvijas Krājbanka exceed the established cap of 70 280.40, may file a creditor claim within the procedure of liquidation or insolvency procedure of Latvijas Krājbanka.