EdB: BaFin determines that compensation is payable to depositors of Bankhaus Obotritia

On 10 March 2025, the Federal Financial Supervisory Authority (BaFin) determined that compensation is payable to depositors of Bankhaus Obotritia GmbH i.L. in accordance with Section 10 (1) of the Deposit Guarantee Act (Einlagensicherungsgesetz – EinSiG).  

The deposits of Bankhaus Obotritia GmbH i.L. are only covered by statutory deposit protection and are protected under the Compensation Scheme of German Banks (Entschädigungseinrichtung deutscher Banken GmbH – EdB). Where BaFin determines that compensation is payable, the EdB protects customer deposits up to an amount of 100,000 euros per depositor (coverage level). The EdB will contact depositors directly.

Bankhaus Obotritia GmbH i.L. is not a member of the Association of German Banks (Bundesverband deutscher Banken e.V.), nor does it participate in the association’s Deposit Protection Fund.

In addition, depositors are entitled to compensation for deposits of up to 500,000 euros for a period of six months after the deposit was credited if the payment was linked to certain life events, such as the sale of privately used real estate, marriage, divorce, retirement, dismissal, redundancy, the birth of a child, sickness, need for long-term care, invalidity, disability or a death. Payments which meet these requirements must be claimed separately and in writing by the depositor, who should also provide credible evidence to support the claim.

Deposit protection covers demand deposits, time deposits and savings deposits, including registered savings bonds. By contrast, liabilities in respect of which a bank has issued bearer instruments, such as bearer bonds and bearer deposit certificates, are not protected.

Securities accounts are not covered by the moratorium. These can continue to be accessed provided that the bank has no lien over the account.

Depositors can obtain further information online at edb-banken.de or by calling + 49 30 5900 1196 0.