STELIOS AMERICANOS & CO LLC | View firm profile
The Central Bank of Cyprus has on 9/4/2016, activated the procedure
for the payment of compensation amount from the Deposit Guarantee Fund for
Banks for deposits held in FBME Bank Ltd – Cyprus branch.
Depositors of FBME Bank Ltd – Cyprus Branch whose deposits are
covered by the DGS are invited to submit the required information by 11 April 2018.
The Deposit Guarantee and Resolution of Credit and Other Institutions
Scheme, which has been established by the Law in 2016 (‘the DGS’), and will pay
through the Deposit Guarantee Fund for Banks, compensation amounting up to
100.000 Euro, to all eligible depositors of FBME Bank – Cyprus Branch, which
are covered by the DGS.
The DGS covers all deposits at FBME Bank – Cyprus Branch, in Euro or
in other currencies, which belong to natural or legal persons with certain
exceptions, such as deposits by credit institutions and/or deposits by
investment firms e.t.c.
Except from the Application, depositors need to accompany the
following documents:
A Legal Persons
1. Originally signed statement
of particulars by the authorized person of the legal person submitting the
statement of particulars (proxy) and the special administrator / authorized
representative of the special administrator.
2. Originally signed
certificate issued by the Registrar of Companies and Official Receiver whereby
it appears the registration number of the legal person and its registered mail
address.
3. Identity card and passport,
together with copies, of the person who is authorized by the legal person to
submit the statement of particulars with the supporting documents on behalf of
the legal person.
4. Originally signed
confirmation by a European Economic Area (EEA) credit institution to which
payment will be made. On the signed confirmation, the following should appear:
IBAN, BIC and the same name of the beneficiary as the one on the statement of
particulars.
5. Regarding companies which
are registered outside of the Republic of Cyprus, documentation in English
similar to the one mentioned above should be presented and this should be
certified by the claimant’s embassy or consulate in the Republic of Cyprus or
the special administrator.
B.Natural
Persons
1. Adults
– Demonstration of a valid identity card of the
Republic of Cyprus or of another country AND of a valid passport with a clear
photograph of the actual beneficiary, and a submission of a photocopy of each.
2. Minors
– Demonstration of a valid identity card (if the
minor possesses one) of the Republic of Cyprus or of another country AND/OR of
a valid passport with a clear photograph of the actual beneficiary, and a
submission of a photocopy of each.
– Provision of an original or certified copy of a
birth certificate (in English if Greek is not available) provided by the parent
/ guardian.
– Identity Card and passport for the
identification of the parent/guardian as well as a photocopy of his/her
identity card and passport
– Provision of an original or certified copy of a
court order regarding the management of the minor’s account.
All eligible depositors of FBME Bank Ltd – Cyprus Branch whose
deposits are covered by the DGS are invited to submit the required information
and documentation the latest by 11
April 2018, in order to ensure that the DGS will proceed and adequately
compensate them.
For more information regarding the
procedure and documents that need to be submitted, assistance and support to
eligible deposit holders, please contact our law firm and in particular Eve
Karaviotou at: eve.karaviotou@americanoslaw.com; or info@americanoslaw.com;