1. The Polish experience: “Reimbursement of historic proportions”
Warsaw, 26 February 2015

2. Agent Bank started reimbursement 1 131 branches across the country
BFG pay-out cases 2014 – credit unions
Timeframe
Closing by the PFSA
BFG received SCV
Agent Bank started reimbursement
– 6th working day
Pay-out trigger
– 5th working day
Liquidity reasons
1 working day vs.
5 days in DGSD
Scale
I. 200m € / 74k depositors
II. 550m € / 45k depositors
1 131 branches across the country

3. Crucial period during first days
BFG pay-out cases 2014 – credit unions
Pay-out dynamics – avg. values
% of depositors reimbursed by agent bank in the following days
Crucial period during first days
% of deposits reimbursed by agent bank in the following days

4. Start of reimbursement Start of reimbursement
BFG pay-out cases 2014 – credit unions
Communication ! !
CU closure
Start of reimbursement
CU closure
Start of reimbursement

5. After agent-bank paid-out
BFG pay-out cases 2014 – credit unions
After agent-bank paid-out
Case I – 94% value of deposits paid-out
Case II – 99% value of deposits paid-out
Notary
confirmation
Payments by BFG office
1200 depositors
33m PLN
Printing application form
Post
Money transfer
Postal order
Cash