Compensation payments begin for Buda-Cash, Hungária investors

Telco

Hungaryʼs Investor Protection Fund (Beva) on Friday announced the start of compensation payments for almost 4,000 clients of the failed independent brokerages Buda-Cash Brókerház and Hungária Értékpapír.

Beva will pay investors whose savings were lost at Buda-Cash HUF 6.8 billion in compensation. Former Hungária Értékpapír clients will get HUF 191 million.

The investors are eligible for up to the forint equivalent of €20,000 in compensation. The compensation covers 100% of the loss up to HUF 1 mln and 90% over that threshold.

Buda-Cash and Hungária Értékpapír went under liquidation last spring, after they came under investigation for suspected criminal activity.

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