Shortly after the Central Bank of Kosovo has revoked the license and closed the bank, the depositors will be informed through announcements by the Deposit Insurance Fund of Kosovo in the mass media, the DIFK’s website and written announcements at the branch offices of the closedbank. The announcements will inform the depositors about their rights and responsibilities, about the name and location of the chosen pay-out bank and the likely date of starting of the compensation as well as the compensation process.
The repayment of the insured deposits trough the chosen pay-out bank shall start as soon as possible after the license revocation and closure of the bank. DIFK shall complete the reimbursement of all duly verified claims within 30 days after the closure of the bank. DIFK is allowed to make partial advance payments on the depositor’s net claim within the 30 days time-frame.
