INFORMATION ON DEPOSIT PROTECTION AND INVESTOR COMPENSATION
Due to EU directives, implemented in Austria in the Austrian Banking Act (BWG), every credit institution that accepts deposits or provides investment services subject to mandatory protection is legally obliged to belong to a protection scheme.
VakifBank International AG is a member of Einlagensicherung AUSTRIA GesmbH . As a protection organisation, the company guarantees the payment of deposits up to a maximum amount of EUR 100,000. For your information, you can obtain the legal text with all the details from our branch.
The exceptions to the deposit guarantee and investor compensation can be found in Section 10 (1) (3) and Section 47 (2) ESAEG.
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