Podgorica, (MINA-BUSINESS) – The banks selected for payment of guaranteed deposits with Atlas banka, which is undergoing bankruptcy proceedings, have paid a total of €25.72 million to 3,020 depositors until 3 p.m. today.
The Deposit Protection says in a press release that this accounts for 31 percent of the total amount of guaranteed deposits it is obliged to pay to the depositors of Atlas bank.
The payment of guaranteed deposits to a total of 90,020 depositors of Atlas banka started on Wednesday through Crnogorska komercijalna banka (CKB), Hipotekarna banka, NLB, and Societe Generale banka Montenegro.
The total deposits with Atlas banka amount to €186.44 million, out of which €89.59 million are guaranteed.
The Law on Protection of Deposits prescribes that the Deposit Protection Fund is obliged to start the payment of guaranteed deposits within 15 days after the bankruptcy proceedings have been launched.
The depositors have the right to collect their guaranteed deposits from these banks within three years, after which they can approach the Deposit Protection Fund directly.
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