ERB bank (formerly Evropsko-Ruská Banka) was incorporated in 2008 and provided a broad range of retail and corporate banking products and services with the focus on financing Czech exports to Russia. On October 20, 2016 Czech National Bank announced that the ERB bank was unable to meet its obligations. Guarantee System of Financial Market started paying out compensations to the depositors of ERB bank.
ERB bank, a.s. participates in the deposit guarantee scheme of the Czech Republic. This deposit guarantee scheme applies to current accounts, deposit accounts made by natural persons, legal entities and covers up to up to 100,000 EUR per bank per depositor. ERB bank, a.s. is a member of Financial Market Guarantee System and makes its contributions into it.
ERB bank, a.s. was headquartered in Praha 5.
ERB bank, a.s. was authorized and supervised by the Czech National Bank.