Project for Supporting Sberbank During Liquidation

We supported Sberbank’s liquidation by preparing deposit insurance reports, transferring historical banking data to MKB Bank, and delivering specialized financial reports in line with regulatory requirements.

banks involved

key data deliverables

100%

historical data coverage

missed deadlines

Banking - Financial and Insurance Sectors / Data and Information Management / Risk Management

Client Description

Sberbank Hungary was the Hungarian subsidiary of the international Sberbank Group, providing banking services for both retail and corporate clients. Its activities included lending, account management, and offering various savings and investment products. It operated under the ownership of the Russian parent company and aimed to provide innovative, customer-focused financial solutions in the Hungarian market.

Project General Description

During the liquidation period of Sberbank, we played a crucial role in preparing data services. This involved a detailed review and organization of financial statements, customer databases, and contractual documents. Throughout our work, we closely collaborated with the bank’s legal and financial departments to ensure that all necessary information was accurate and up-to-date. We paid particular attention to compliance with data protection regulations and strictly adhered to the formats and deadlines required by the authorities during the data service process. This precise work facilitated a smooth liquidation process and ensured proper communication with the involved parties.

Challenge

The production of the report prepared for the National Deposit Insurance Fund (OBA) was a critical task in the liquidation process. In our work, we ensured that the report met the strict requirements of the OBA and provided an accurate picture of the bank’s depositors’ situation. This included gathering depositor data, categorizing deposits, and calculating compensation amounts.

We had to perform a historical data transfer according to the complete dataset defined by MKB Bank, all while facing a continuous reduction in the number of available expert colleagues. This challenge required effective work organization and optimal utilization of existing resources.

We played a significant role in the complex process of portfolio migration between Sberbank and MKB Bank. Our responsibilities included the planning and execution of the migration process, which involved compiling, transferring, and processing historical data on both banks’ sides.

How we helped?

Support for Business Negotiations: During the business negotiations, we played a strategic advisory role, assisting the bank’s management in making decisions.

Implementation of Sberbank – MKB Migration: We played a key role in the complex process of portfolio migration between Sberbank and MKB Bank.

Preparation of OBA Report: In preparing the report, we closely collaborated with the bank’s legal and compliance departments to ensure the report’s legal compliance and accuracy. We paid special attention to data protection aspects and the safeguarding of depositors’ personal data.

Historical Data Transfer for MKB: During the data transfer, we focused on ensuring data integrity and historical accuracy. This included converting data from older systems, supplementing missing information, and correcting any data errors.

Management of Special Data Requests: During the bank’s liquidation, several specific data requests arose, and their prompt and accurate handling was of significant importance. Among these, the preparation of the debtor list played a key role alongside the OBA report.

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