Pursuant to the requirements of the Act on the Bank Guarantee Fund of 14 December 1994 (consolidated text: Journal of Laws 09.84.711), we inform you on behalf of HSBC Bank Polska S.A. (hereinafter referred to as the “Bank”) that the Bank’s economic and financial situation expressed in capital ratio and liquidity ratio is stable. Capital ratio as at the end of December 2015 equals to 16.1%, which is well above regulatory minimum 8%.
We inform that deposits accumulated by our Customers in the Bank are protected by the Bank Guarantee Fund (“BGF”, the “Fund”). Pursuant to the provisions of the Act on Bank Guarantee Fund, a maximum amount of funds refundable to one depositor under the BGF guarantee is the equivalent of EUR 100,000.00.
Which deposits are under protection?
The protection covers PLN and foreign currency deposits held in the depositor’s name made by:
The guarantee does not cover deposits made by:
Guaranteed funds will be disbursed by the receiver or an entity with whom the Management Board of BFG enters into an agreement for disbursement of guaranteed funds, in places and on dates to be publicly announced by the Fund. The announcement may be also published in a nation-wide newspaper. The aforesaid information will be also posted on the Fund’s website.
The amount due may be collected in cash, or transfer to a specified bank account may be requested, in a place and on a date set by the entity disbursing the guaranteed funds. After that period, one will be able to collect guaranteed funds at the Fund’s – when an appropriate application for disbursement of guaranteed funds has been completed – within 5 years of materialisation of the guarantee’s condition.
The procedure for disbursement of guaranteed funds should be finalised within 20 business days of the date of materialisation of the guarantee’s condition. Should any circumstances occur which render it impossible to disburse the guaranteed funds within the aforesaid deadline, the Polish Financial Supervision Authority may extend the disbursement deadline by 10 business days, counted from the date of expiry of 20 business days of the date of materialisation of the guarantee’s condition, at the latest.
In addition, we inform that no guarantee protection is available if:
Should you have any doubts as to the above or wish to receive additional information, please contact your Relationship Manager or the nearest Bank’s branch.
We also encourage you to visit the Bank Guarantee Fund website.