Investor Presentaiton
FINANCIAL MARKET GUARANTEE SYSTEM
In January 2016, The Financial Market Guarantee System was
established to govern the function of a Deposit Insurance
Fund (the Deposit Insurance Fund has become an internal
unit of the Financial Market Guarantee System) and newly
established Resolution Fund pursuant to the Banking
Recovery and Resolution Directive (BRRD). In May 2019
amendment to BRRD (BRRD 2) entered into force. BRRD 2
was applied in August 2021.
In 2010, the deposit limit for 100-percent protection was
raised to EUR 100.000. The deposit claims of banks, foreign
banks, financial institutions, health insurance companies and
state funds are not insured.
All banks and branches of foreign banks (excluding branches
of parent banks participating in the deposit insurance
scheme in their parent country) are obliged to participate in
the scheme and to contribute to the deposit insurance fund
in compliance with the Act on Banking.
The newly established Resolution Fund serves for the
collection of funds that may be used in the event that the
stability of any financial institutions is threatened in order to
avoid closure of the institution's operations and the pay-out
of deposit compensation to their clients.
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