"Oschadbank" demands the return of armored cash collection vehicles and valuables detained in Hungary

"Oschadbank" demands the return of armored cash collection vehicles and valuables detained in Hungary

"Oschadbank" has stated that it demands the Hungarian authorities return its illegally seized property and valuables. The vehicles and valuables remain detained.

This was reported in a statement by JSC "Oschadbank", published on March 7.

The defence of rights will focus on two directions

"After the illegal seizure in Hungary on March 5, 2026, of seven Oschadbank employees, two cash-in-transit vehicles, and the valuables they were transporting, the Ukrainian citizens have returned home. However, the vehicles and valuables remain illegally detained," the statement reads.

It is noted that the further defence of the rights of Oschadbank of Ukraine in resolving the incident in Hungary will focus on two directions.

• First: challenging the decision on restrictive measures regarding the ability to stay in the EU, which were groundlessly imposed on the bank’s cash-in-transit team employees by the Hungarian migration service. Additionally, the violation of the rights of Oschadbank employees during their detention for over 24 hours without access to legal assistance and consular support will be thoroughly investigated.
• Second direction: taking legal steps to recover the bank’s property – two cash-in-transit vehicles and valuables worth 40 million USD, 35 million EUR, and 9 kg of bank gold.

The statement emphasizes that "Oschadbank" is fully confident in the legality of its actions.

"The full scope of information and supporting documents has been submitted to the National Bank of Ukraine. To further confirm its legal position, the bank will engage one of the leading international companies to conduct an independent audit of the processes and contractual relations between all parties involved in the transportation of funds and valuables," Oschadbank stated.

Facts regarding the incident in Hungary

In addition, "Oschadbank" provided a number of facts regarding the incident in Hungary:

• The transportation of funds and valuables was carried out within the framework of an international agreement between Oschadbank and Raiffeisen Bank Austria. The cargo was processed in accordance with international transportation rules and current European customs procedures;
• Oschadbank holds a valid license for international transportation issued by the State Service of Ukraine for Transport Safety;
• During the full-scale war, the transportation of valuables by banks is carried out exclusively by land. Such transportations occur on average weekly;
• The cash-in-transit team consisted of 7 full-time employees with work experience at the bank ranging from 3 to 21 years. Traditionally, international cargo deliveries are accompanied by one of the heads of Oschadbank’s cash-in-transit department. This time, the team was led by the deputy director of the department;
• The funds transported from Vienna to Ukraine belong to Oschadbank. These funds were entrusted to the bank by Ukrainian citizens and businesses. They were being transported to Ukraine for further use in circulation and to supply the country’s cash market;
• The packaging of the money and valuables was carried out in accordance with all regulatory and transportation requirements.

"Oschadbank demands the return of its cash-in-transit vehicles and the valuables they were transporting in full," the statement reads.