UniCredit Bank Hungary Zrt.
Communication issues ongoing following implementation of new custody system over the weekend.
Please be advised that, following the implementation of our new custody system (BaNCS) over this past weekend, the communication issues experienced by UniCredit Hungary are ongoing.
Our local and group IT support teams are working to resolve these issues with top urgency. At this time, the issue is leading delays in instructions and settlements processing.
As soon as any new information is received, we will be sure to provide further updates.
We apologize for any inconveniences caused.
Impact on investors: Impact currently under assessment. Communication issues have been identified, there are delays in the processing of settlement instructions.