“Žemaitijos iždas” insurance event

On 7 March, 2017 the credit union “Žemaitijos iždas” was declared insolvent by board of Bank of Lithuania, and had its license revoked. On 20 March, 2017 the Deposit Guarantee Scheme made €1,63m available for total of 189 depositors via paying agent bank UAB Medicinos bankas. The right to receive the insurance compensation is valid for 5 years from the day of the insurance event. Arriving at any client service unit of UAB Medicinos bankas the depositor should have the valid document confirming their identity, the certified power of attorney (if the depositor’s authorized person shall claim the insurance compensation) or the inheritance documents.