Nordea Bank was one of the first Russian banks that joined the Deposit Insurance System, its registration number in the System is 28.
The statutory individual bank deposit insurance system (DIS) is a special governmental programme of the Russian Federation implemented in compliance with the Federal Law dd. 23.12. 2003 No. 177-FZ “On Insurance of Individual Deposits with the banks of the Russian Federation”. Its primary goal is to protect individual savings placed on deposits and accounts with the Russian banks inside Russia.
The guarantor of money repayment to a depositor is the Russian Government.
A depositor becomes entitled to compensation of his/ her/ its/ deposits on the date of the insured event.
Upon occurrence of an insured event a deposit with the Bank is to be compensated in size of 100% of the deposit amount with a bank, however, the total compensation shall not exceed RUB 1,400,000 (applicable to the insured events occurred after 29 December 2014).
If a customer has more than one deposit with the same bank, the deposit compensation shall be paid pro rata the amounts of such deposits but the total compensation for all deposits should be no more than RUB 1,400,000.
This condition is applicable to all deposits made by a depositor (in favour of a depositor) with one bank including those made for doing lawful business activities (except escrow accounts opened for making settlements under real estate transactions or settlements under shared construction participation agreements).
To get compensation for deposits a depositor (his/ her/ its representative) or heir (his/ her/ its representative) may apply to the Deposit Insurance Agency or an agent bank if such is involved in the deposit compensations payments. A depositor may exercise this right in the period from the date of the insured event occurrence to the bankruptcy proceedings completion date (forced liquidation completion date) and moratorium completion date if the Bank of Russia imposed moratorium on the settlement of claims towards creditors.
Please note that it is necessary to timely inform the Bank about any changes in the information that was provided when making the deposit agreement or account agreement, i.e.:
*Legal Entities means entities lawfully qualified as small-sized businesses (including micro-businesses) under the Russian Law and registered in the Unified Small and Medium-sized Businesses Register.
Failure to do the above may result in longer consideration of the depositor’s claim to get compensation of his/ her/ its deposits, rejection thereof if the Bank or Deposit Insurance Agency is unable to identify the depositor (his/ her/ its representative authorised to represent an entity without a power of attorney).
Please see details of the compensation procedure and amount at the Deposit Insurance Agency website: http://www.asv.org.ru/