This is more than three times more than in 2008, when the guaranteed amount of savings in banks for one depositor was increased to 50,000 euros, according to the announcement on the occasion of the upcoming Savings Week, when banks traditionally offer more attractive terms for time deposits.
The agency reminds that funds that citizens, entrepreneurs, as well as micro, small and medium-sized legal entities keep in banks are protected by law up to the amount of 50,000 euros.
This means that, in the event of bank bankruptcy, the Deposit Insurance Agency would pay a maximum of EUR 50,000 of the total deposit of one depositor in one bank within a maximum of seven working days. The money of insured depositors is protected in all accounts, regardless of type and currency.
Total funds in the accounts of citizens, entrepreneurs and micro, small and medium-sized legal entities in the past 14 years have grown by an average of 10 percent per year, according to the Agency’s data.
Two thirds of all insured deposits are citizens’ deposits. Although the individual amounts are lower than the deposits of legal entities, as the most numerous, in sum they represent a significant and stable deposit base, the Agency points out.
The deposit insurance system covers the vast majority of physical depositors, 99 percent, since the total amount of money they keep in one bank does not exceed 50,000 euros, Kamatica writes.
