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Majority of Devín accounts can be covered in a month

The Deposit Protection Fund has said it will be able to pay out 8.3 billion crowns within four to six weeks, if necessary, to cover client deposits at Devín banka, which has been under the central bank's forced administration since August 24.

The bank had just over 11 billion crowns in client deposits when it was put under the National Bank of Slovakia's control.

Central bank governor Márian Jusko said August 24 that Devín banka would only be able to restart operations if an investor put three billion crowns into the bank by August 31. Following the passage of the deadline, local press reported that the central bank would declare Devín bankrupt by September 7.

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