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The Fonds de garantie des dépôts Luxembourg (FGDL) is reimbursing the covered deposits of Banque Havilland S.A.

On 9 August 2024, the Luxembourg Tribunal d’arrondissement (Luxembourg District Court), dealing with commercial matters, pronounced the suspension of payment for the benefit of Banque Havilland S.A.. Please refer to Press release regarding Banque Havilland S.A. – CSSF.

In accordance with Article 170(1) of the law of 18 December 2015 on the failure of credit institutions and certain investment firms (“the Law”), this judgment gives rise to the right to reimbursement of covered deposits by the Fonds de garantie des dépôts Luxembourg (“FGDL”). Pursuant to Article 171(1) of the Law, the FGDL covers all eligible deposits of the same depositor, regardless of their number and the currency in which they are denominated and regardless of the depositor’s nationality or place of residence of the depositor, up to a maximum of 100,000 euro per person.

Depositors are reminded that they retain their rights to any deposits not reimbursed by the FGDL.

The reimbursement process

Banque Havilland S.A. has the responsibility to transmit to the FGDL all the information required for the calculation of the reimbursement, as well as the depositors’ contact data, without the customer having to intervene. Each eligible depositor will receive within the next few days an information letter accompanied by a form by mail. Depositors are requested to follow the instructions provided in an annex to the form, and to return the completed and signed form to the FGDL. The form allows depositors to provide the FGDL with a banking account number at another bank to which the reimbursement will be transferred.

The FGDL shall make the reimbursement of covered deposits by bank transfer in euros within seven working days, provided that the depositor has communicated a new banking account number to the FGDL and that the entitlement to the reimbursement has been established. The repayment period is three months in the cases indicated in Article 176, paragraph (2) of the abovementioned law, and the repayment may be deferred in the cases listed in Article 176, paragraphs (6) and (7) of the said law.

The entitlement to a repayment by the FGDL lapses ten years after the date on which the court confirmed the suspension of payments, i.e. on 9 August 2034, in accordance with Article 176, paragraph (8) of the aforementioned law.

 

Depositors of Banque Havilland S.A. who have not received a letter until 21 August 2024 are kindly asked to contact the FGDL by e-mail (havilland@fgdl.lu), by telephone (+ 352 27 02 21), or by mail to the following address:

Fonds de garantie des dépôts Luxembourg

283, route d’Arlon

L-2860 Luxembourg

In case of questions, depositors are invited to peruse the information provided in the depositor’s corner and in the Frequently asked questions on the FGDL’s website (www.fgdl.lu). For questions that remain unanswered, depositors may contact the FGDL through the previously mentioned channels.

 

Reminder to the attention of the depositors of Fortuna Banque s.c. (in liquidation)

This press release follows the precedent press release published on 12 October 2023.

On 12 October 2023, the Luxembourg Tribunal d’arrondissement (District Court) ordered the liquidation of Fortuna Banque s.c. (Press release concerning Fortuna Banque s.c. – CSSF). In accordance with Article 171(1) of the law of 18 December 2015 on the failure of credit institutions and certain investment firms, the Fonds de garantie des dépôts Luxembourg (“FGDL”) covers all eligible deposits of each depositor up to EUR 100,000, regardless of the number of deposits, their currency and the nationality or place of residence of the depositor.

On 18 October 2023, each eligible depositor received per mail an information letter accompanied by a form. The FGDL reminds the depositors who have not claimed the reimbursement of their deposits, to send back the completed and signed form with the required documents following the instructions provided in the annex of the information letter. These documents can be sent either by e-mail to fortuna@fgdl.lu or by mail to the following address:

Fonds de garantie des dépôts Luxembourg

283, route d’Arlon

L-2860 Luxembourg

The FGDL also reminds that depositors retain their rights to deposits which are not reimbursed by the FGDL. For recovering any amount that is not reimbursed by the FGDL, depositors of Fortuna Banque s.c. must submit a statement of claim to the clerk of the Luxembourg District Court, 15th chamber, by 12 April 2024 at the latest.

Additional information regarding the procedure to be followed and the required documents to be provided regarding the statement of claim to be submitted to the clerk of the Luxembourg District Court is also available here: https://fortunabanqueinliquidation.lu

The Deposit guarantee fund Luxembourg (FGDL) is reimbursing the covered deposits of East-West United Bank S.A.

On 7 February 2024, the Luxembourg district court has ordered the liquidation of East-West United Bank S.A. (hereinafter “EWUB”). Please refer to Press release concerning East-West United Bank S.A. – CSSF. In accordance with Article 171(1) of the law of 18 December 2015 on the failure of credit institutions and certain investment firms, the Fonds de garantie des dépôts Luxembourg (FGDL) covers all eligible deposits of each depositor up to EUR 100,000, regardless of the number of deposits, their currency and their origin or place of residence of the depositor.

Depositors retain their rights to deposits, which are not reimbursed by the FGDL.

The reimbursement process

EWUB has the responsibility to transmit to the FGDL all the information required for the calculation of the reimbursement, as well as the depositors’ contact data, without the customer having to intervene. Each eligible depositor will receive within the next few days an information letter accompanied by a form by mail. Depositors are requested to follow the instructions provided in an annex to the form, and to return the completed and signed form to the FGDL. The form allows depositors to provide the FGDL with a banking account number at another bank to which the reimbursement will be transferred.

The FGDL shall make the reimbursement of covered deposits by bank transfer in euros within seven working days, provided that the depositor has communicated a new banking account number to the FGDL and that the entitlement to the reimbursement has been established. The repayment period is three months in the cases indicated in Article 176, paragraph (2) of the abovementioned law, and the repayment may be deferred in the cases listed in Article 176, paragraphs (6) and (7) of the said law.

The entitlement to a repayment by the FGDL lapses ten years after the date on which the court ordered the liquidation, in accordance with Article 176, paragraph (8) of the aforementioned law.

Depositors of EWUB who have not received a letter until 19 February 2024 are kindly asked to contact the FGDL by e-mail (ewub@fgdl.lu), by telephone (+ 352 27 02 21), or by mail to the following address:

Fonds de garantie des dépôts Luxembourg
283, route d’Arlon
L-2860 Luxembourg

In case of questions, depositors are invited to peruse the information provided in the depositor’s corner and in the Frequently asked questions on the FGDL’s website (www.fgdl.lu). For questions that remain unanswered, depositors may contact the FGDL through the previously mentioned channels.

The Deposit guarantee fund Luxembourg (FGDL) is reimbursing the covered deposits of Fortuna Banque s.c. (in judicial liquidation)

On 12 October 2023, the Luxembourg district court has ordered the liquidation of Fortuna Banque s.c. (Press release concerning Fortuna Banque s.c. – CSSF). In accordance with Articles 170(1) and 171(1) of the law of 18 December 2015 on the failure of credit institutions and certain investment firms, the Fonds de garantie des dépôts Luxembourg (FGDL) covers all eligible deposits of each depositor up to EUR 100,000, regardless of the number of deposits, their currency and their origin or place of residence of the depositor.

Depositors retain their rights to deposits, which are not reimbursed by the FGDL.

The reimbursement process

Fortuna Banque s.c. has the responsibility to transmit to the FGDL all the information required for the calculation of the reimbursement, as well as the depositors’ contact data, without the customer having to intervene. Each eligible depositor will receive within the next few days an information letter accompanied by a form by mail. Depositors are requested to follow the instructions provided in an annex to the form, and to return the completed and signed form to the FGDL. The form allows depositors to provide the FGDL with an account number at another bank to which the reimbursement will be transferred.

The FGDL shall make the reimbursement of covered deposits by bank transfer in euros within seven working days, provided that the depositor has communicated a new account number to the FGDL and that the entitlement to the reimbursement has been established. The repayment period is three months in the cases listed in Article 176, paragraph (2) of the abovementioned law, and the repayment may be deferred in the cases listed in Article 176, paragraphs (6) and (7) of the said law.

The entitlement to a repayment by the FGDL lapses ten years after the date on which the court ordered the liquidation, in accordance with Article 176, paragraph (8) of the aforementioned law.

Depositors of Fortuna Banque s.c. who have not received a letter until 24 October are kindly asked to contact the FGDL by e-mail (fortuna@fgdl.lu), by telephone (+ 352 27 02 21), or by mail to the following address:

Fonds de garantie des dépôts Luxembourg
283, route d’Arlon
L-2860 Luxembourg

In case of questions, depositors are invited to peruse the information provided in the depositor’s corner and in the Frequently asked questions on the FGDL’s website (www.fgdl.lu). For questions that remain unanswered, depositors may contact the FGDL through the previously mentioned channels.

JUDICIAL LIQUIDATION OF THE BANK ABLV BANK LUXEMBOURG S.A.

Information regarding the procedure to follow and the required documents is currently made available by the liquidators nominated by the district court, namely Maître Alain RUKAVINA and Deloitte Tax & Consulting SARL, in the person of M. Eric COLLARD, on the following website:
http://www.ablvbankluxembourginjudicialliquidation.lu/

We also invite you to consult the information issued by the bank.

 

Press Release 19/01 – Judical Liquidation of the Bank ABLV BANK LUXEMBOURG S.A.

JUDICIAL LIQUIDATION OF THE BANK ABLV BANK LUXEMBOURG S.A.

On 2 July 2019, the Luxembourg district court, dealing with commercial matters, has pronounced the dissolution and ordered the liquidation of the Luxembourg based credit institution ABLV Bank Luxembourg S.A., having its registered office at 26a, boulevard Royal, L-2449 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B162048 (hereinafter “ABLV”).

The determination of the unavailability of deposits at ABLV by the Commission de surveillance du secteur financier on 24 February 2018 has given depositors access to reimbursements by the Luxembourg deposit guarantee scheme FGDL. Eligible depositors of ABLV may claim a reimbursement of their deposits up to 100.000 EUR from FGDL until 24 February 2028, i.e. 10 years after the determination of the unavailability of deposits. For recovering any amount that is not reimbursed by the FGDL, creditors of ABLV must submit a receivable debt declaration to the clerk of the Luxembourg district court, 6th chamber, by the 10 January 2020 at the latest.

Déclarations de créance – 6e chambre
Greffe du tribunal d’arrondissement de Luxembourg
Cité judiciaire –
L-2080 Luxembourg

Information regarding the procedure to follow and the required documents will be made available as soon as possible by the liquidators nominated by the district court, namely Maître Alain RUKAVINA and Deloitte Tax & Consulting SARL, in the person of M. Eric COLLARD.

Luxembourg, 3 July 2019

Press release 18/01

THE CSSF DETERMINES THE UNAVAILABILITY OF DEPOSITS AT ABLV BANK LUXEMBOURG S.A.

On 24 February 2018, the Luxembourg Banking authority (“Commission de Surveillance du secteur financier”, hereinafter “CSSF”) has determined that deposits at the Luxembourg based ABLV Bank Luxembourg S.A., established and having its registered office at 26a, Boulevard  Royal, L-2449 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B162048 (hereinafter “ABLV”) are unavailable. This determination follows the Single Resolution Board’s Decision dated 23 February which is published on the site https://srb.europa.eu/en/node/495.

Deposit Guarantee

The Luxembourg deposit guarantee fund (“Fonds de garantie des dépôts Luxembourg”, hereinafter “FGDL”) covers all eligible deposits of each depositor up to EUR 100,000, regardless of the number of deposits, their currency and their origin or place of residence of the depositor, in accordance with the law of 18 December 2015 on the failure of credit institutions and certain investment firms.

The reimbursement process

ABLV Bank Luxembourg S.A. has the responsibility to transmit to the FGDL all the information required for the calculation of the reimbursement, as well as the depositors’ contact data, without the customer having to intervene. Each eligible depositor will receive within the next few days an information letter accompanied by a form either by mail or through ABLV’s Internetbank. Depositors are requested to return the completed and signed form to the FGDL. The form allows them to provide the FGDL with a new account number at another bank to which the reimbursement will be transferred.

The FGDL shall make the reimbursement of covered deposits by bank transfer in euros within seven working days, provided that the depositor has communicated a new account number to the FGDL and that the entitlement to the reimbursement has been established. The repayment period is three months in the cases listed in article 176, paragraph (2) of the abovementioned law, and the repayment may be deferred in the cases listed in article 176, paragraph (8) of the said law.

Depositors of ABLV who have not received a letter until 7 March 2018 are kindly asked to contact the FGDL by  e-mail (info@fgdl.lu) or by telephone (+ 352 27 0 22-1).

More details on how the deposit guarantee works can be found on the web page http://www.fgdl.lu/en .

Luxembourg, 25 February 2018