Deposit Guarantee Schemes data

The level of deposit protection in the EU is harmonised at €100,000 (or equivalent amount in the local currency), and this amount is guaranteed irrespective of the current level of available financial means of any Deposit Guarantee Scheme (DGS). All Member States extend this guarantee to their depositors. The amount of available financial means of a DGS has no impact on the level of this guarantee, and in any case, alternative means of financing the guarantee are available.

Enhanced protection for depositors

Since the last financial crisis, substantial work has been undertaken in the EU and internationally to strengthen the ability to respond to distress in the financial system. A new set of crisis management tools has been made available to the authorities. Such tools include "bank resolution" tools, which allow authorities to resolve failing banks without taxpayers' support.

Another important aspect of managing distress in the financial system is to ensure adequate protection for depositors. Depositors are protected by national DGSs which guarantee that deposits up to a certain level will always be repaid even if the bank holding them fails. The EU system of DGSs has been strengthened in recent years. In particular, the approach to funding the deposit guarantee in the EU has been strengthened and further harmonised. Under this new funding model, banks pay a levy every year into a national DGS fund, and that money remains available in case the DGS needs it to protect depositors if a bank fails. Member States, and especially those which previously did not have such a fund, are currently transitioning to the new funding model, and significant progress has been made to date.

Publication of DGS data

Every year, starting in 2016, the EBA collects data showing how much money is available in each DGS's fund (their "available financial means"). The EBA also collects information on the level of deposits that are protected by a DGS in each Member State (the level of "covered deposits"). Member States are required to raise available financial means into their DGS funds equal to at least 0.8% of covered deposits (although, exceptionally, the target level may be reduced to no lower than 0.5%). In the interest of transparency, and to further enhance policymaking in the area of deposit protection, the EBA has decided to make this data publicly available on its website.

While the level of deposit protection in the EU is harmonised at €100,000 (or equivalent amount in the local currency), a number of differences exist between DGSs. As a consequence, it is not possible to simply compare the available financial means and covered deposits of different DGSs, as explained in more detail below.

In interpreting this data, it is important to recognise the diversity of Member States' funding mechanisms. The data does not allow a direct comparison of the adequacy of funding of each DGS in the EU, for a number of reasons which include:

(i) Different starting points: Some DGSs had different funding models prior to the new Deposit Guarantee Schemes Directive (DGSD), and are, therefore, in the process of building up their level of funding. Other DGSs already used this funding model, and in a number of cases had already raised funds far in excess of the required minimum.

(ii) Different levels of recent DGS use: In recent years, some DGSs have used some or all of their funds. Therefore, in future years, contributions raised from banks to ensure that they meet the target level will increase. Having a lower level of funds available at the point in time when the data is provided does not necessarily mean that a Member State is falling behind in terms of pace of contributions. In case a DGS used more funds than it had available, it may temporarily be indebted to the source that provided bridge funding to the DGS. In addition, the data published by the EBA is point-in-time data as of 31 December, and, therefore, does not reflect any subsequent changes to the amount of covered deposits or available financial means in individual DGSs.

(iii) Different target levels: The target level for these funds can differ between Member States. In most instances, the target level for DGS funds is at least 0.8% of covered deposits, although Member States can also choose to have a higher target level. In addition, in specific cases, based on the DGSD, the adjusted target level may be as low as 0.5%, provided the European Commission has approved a lower target level.

(iv) Alternative sources of DGS funding: Besides the funds currently being built up, Member States must ensure that DGSs have adequate alternative funding arrangements in place to enable them to meet any claims against them. These alternative funding arrangements can, for instance, include temporary State financing (which will ultimately be repaid by the DGS). DGSs can also raise extraordinary contributions from those institutions covered by the DGS where they do not have enough money immediately available in their fund. DGSs can also choose to establish borrowing arrangements between themselves, provided the respective national law provisions allow them to do so.

Interaction with bank resolution framework

The enhancements to the framework introduced in the DGSD complement other changes to the crisis management tools available to the authorities. For instance, deposits that enjoy DGS protection have also been given "super preferential" treatment in the bank creditor hierarchy. The same applies to DGSs, which protect these depositors. This means that in case of a bank failure, DGSs will be amongst the first creditors paid out from the estate of the failed institution, thereby limiting the impact of failures on DGS funding levels.

In addition, the new bank resolution regime provides the authorities with an alternative mechanism to deal with a failing bank, called "bank resolution". The likelihood that a DGS is used has been reduced because of the existence of bank resolution tools. The existence of "bank resolution" means that some banks are likely to be dealt with using these new mechanisms, and thus limiting the need for DGS support. The existence of the bank resolution regime means that (i) DGSs are less likely to be used; and (ii) even if used, are likely to recover more of the money spent than it would have been the case in the past.

Illustrative funding path under DGSD

The DGSD requires Member States to raise funds into their DGSs equivalent to at least 0.8% (or in certain cases down to 0.5%) of covered deposits in that Member State. The DGSD, which was enacted in 2014, gives Member States until 3 July 2024 to raise this target level amount. This means that Member States which relied on a different funding model in the past will gradually increase the level of available financial means of their DGSs by raising levies from banks each year. In 2015, many Member States raised these levies for the first time, but others only began raising them in 2016.

In order to provide an illustrative example of how this build-up of DGS funding might work in practice, below is a worked example using a fictional Euro area Member State. This Member State has a single public DGS of which all of its banks are members. It had a different funding scheme for its DGS prior to 2014, and is currently in the process of transitioning to the new funding model. Therefore, its DGS is starting with available financial means of €0. It has a target level of 0.8% of covered deposits. The example also assumes that, following a bank failure in 2017, there is a significant depositor payout which reduces the available financial means of the DGS temporarily. This requires the Member State to increase the levies raised from its institutions in order to reach the target level of 0.8% of covered deposits. Finally, the example assumes that the level of covered deposits in the Member State remains stable for the duration of the transitional period.

It should also be noted that in all circumstances, and regardless of the current level of available financial means of the DGS, the level of deposit protection available to depositors remains €100,000.

 

 

Austria

 

Deposit Guarantee Scheme for the Austrian Commercial Banks

 

 

Name of DGS (National Language(s)): Einlagensicherung der Banken und Bankiers Gesellschaft m.b.H.
Link to website of DGS: https://www.einlagensicherung.at/
Current target level for DGS: 0.80%
Previous funding model: Ex post funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 48,599,841 70,491,918 67,934,000
Available financial means (€'000s) 19,042 91,616 156,000

 

 

 

 

Deposit Guarantee Scheme for the savings bank sector

Name of DGS (National Language(s)): Sparkassen-Haftungs AG
Link to website of DGS: www.s-haftung.at
Current target level for DGS: 0.80%
Previous funding model: Ex post funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 65,392,713 47,644,156 50,322,000
Available financial means (€'000s) 28,977 62,145 110,000

 

Deposit Guarantee Scheme for the Raiffeisen sector

Name of DGS (National Language(s)): Österreichische Raiffeisen-Einlagensicherung eGen
Link to website of DGS: www.raiffeisen-einlagensicherung.at
Current target level for DGS: 0.80%
Previous funding model: Ex post funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 65,653,950 70,214,084 72,600,000
Available financial means (€'000s) 29,075 89,827 159,000

 

Protection scheme for the regional mortgage banks

Name of DGS (National Language(s)): Hypo Haftungs-Gesellschaft m.b.H.
Link to website of DGS: www.hypohaftung.at
Current target level for DGS: 0.80%
Previous funding model: Ex post funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 6,609,849 7,535,490 7,813,000
Available financial means (€'000s) 2,516 7,735 16,000

 

Deposit Guarantee Scheme for the Volksbank sector

Name of DGS (National Language(s)): Volksbank Einlagensicherung eG
Link to website of DGS: www.volksbank-einlagensicherung.at
Current target level for DGS: 0.80%
Previous funding model: Ex post funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 15,413,000 13,987,121 14,262,000
Available financial means (€'000s) 5,951 17,302 30,000

 

Belgium

 

Guarantee Fund for Financial Services

Name of DGS (National Language(s)): Fonds de garantie pour les services financiers / Garantiefonds voor financiële diensten
Link to website of DGS: http://garantiefonds.belgium.be/nl
Current target level for DGS: 0.80%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 279,663,793 284,403,121 287,278,457
Available financial means (€'000s) 2,811,450 3,060,760 3,356,373
Bulgaria
Bulgarian Deposit Insurance Fund

Name of DGS (National Language(s)): Фонд за гарантиране на влоговете в банките
Link to website of DGS: http://dif.bg/
Current target level for DGS: 1.00%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (BGN'000's) 46,050,316 49,847,248 52,991,480
Available financial means (BGN'000's) 362,176 379,658 507,710
Applicable exchange rate 1.9558 1.9558 1.9558
Covered deposits (€'000s) 23,545,153 25,486,884 27,094,530
Available financial means (€'000s) 185,178 194,119 259,592

 

Croatia
State Agency for Deposit Insurance and Bank Resolution

Name of DGS (National Language(s)): Državna agencija za osiguranje štednih uloga i sanaciju banaka
Link to website of DGS: http://www.dab.hr/home
Current target level for DGS: 2.50%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (HRK'000's) 176,900,000 182,000,000 185,419,000
Available financial means (HRK'000's) 4,470,000 4,100,000 4,644,000
Applicable exchange rate 7.638 7.5597 7.4153
Covered deposits (€'000s) 23,581,742 24,075,029 24,921,909
Available financial means (€'000s) 595,905 542,350 624,194

 

 

 

 

 

 

 

Cyprus

 

Deposit Guarantee Fund for Banks

Name of DGS (National Language(s)): Σύστημα Εγγύησης των Καταθέσεων και Εξυγίανσης Πιστωτικών και Άλλων Ιδρυμάτων
Link to website of DGS: http://www.centralbank.gov.cy/nqcontent.cfm?a_id=15255&lang=en
Current target level for DGS: 0.80%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 15,100,000 15,783,000 16,803,000
Available financial means (€'000s) 127,400 87,000 65,600

 

Deposit Guarantee Fund for CCIs

Name of DGS (National Language(s)): Σύστημα Εγγύησης των Καταθέσεων και Εξυγίανσης Πιστωτικών και Άλλων Ιδρυμάτων
Link to website of DGS: http://www.centralbank.gov.cy/nqcontent.cfm?a_id=15255&lang=en
Current target level for DGS: 0.80%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 10,100,000 9,892,000 9,404,000
Available financial means (€'000s) 22,800 23,000 22,700

 

Czech Republic

 

Financial Market Guarantee System

Name of DGS (National Language(s)): Garanční systém finančního trhu
Link to website of DGS: https://www.garancnisystem.cz/
Current target level for DGS: 0.80%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (CZK'000's) 2,006,518,516 2,144,923,096 2,267,438,000
Available financial means (CZK'000's) 28,772,980 27,895,853 30,284,000
Applicable exchange rate 27.023 27.021 25.535
Covered deposits (€'000s) 74,246,754 79,379,856 88,797,259
Available financial means (€'000s) 1,064,680 1,032,377 1,185,980
Denmark

 

Guarantee Fund

Name of DGS (National Language(s)): Garantiformuen
Link to website of DGS: http://www.gii.dk/
Current target level for DGS: 0.80%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (DKK'000's) 711,217,051 721,879,227 726,341,000
Available financial means (DKK'000's) 8,790,713 8,816,117 8,816,000
Applicable exchange rate 7.4626 7.4344 7.4449
Covered deposits (€'000s) 95,337,406 97,099,865 97,562,224
Available financial means (€'000s) 1,178,380 1,185,856 1,184,166

 

Estonia
Guarantee Fund

Name of DGS (National Language(s)): Tagatisfond
Link to website of DGS: www.tf.ee
Current target level for DGS: 2.50%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 6,635,739 7,192,882 8,457,966
Available financial means (€'000s) 212,069 217,259 223,120

 

 

Finland

 

Deposit Guarantee Fund

Name of DGS (National Language(s)): Talletussuojarahasto
Link to website of DGS: www.financialstability.fi
Current target level for DGS: 0.80%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 75,949,082 79,081,841 51,105,530
Available financial means (€'000s) 1,050,355 1,060,628 1,073,180

 

France

 

Prudential Supervision and Resolution Authority and Deposit Guarantee and Resolution Fund

Name of DGS (National Language(s)): Autorité de Contrôle Prudentiel et de Résolution (ACPR) et Fonds de Garantie des Dépôts et de Résolution (FGDR)
Link to website of DGS: https://acpr.banque-france.fr/lacpr.html; www.garantiedesdepots.fr
Current target level for DGS: 0.50%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 989,158,894 1,065,651,000 1,113,415,000
Available financial means (€'000s) 2,958,152 3,382,000 3,649,500

 

Germany

 

Deposit Guarantee Scheme for German Private Banks GmbH

Name of DGS (National Language(s)): Entschädigungseinrichtung deutscher Banken GmbH (EdB)
Link to website of DGS: http://www.edb-banken.de/
Current target level for DGS: 0.80%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 498,900,960 522,234,551 541,360,020
Available financial means (€'000s) 1,197,406 1,605,070 2,074,070

 

Deposit Guarantee Scheme for German Public Banks GmbH

Name of DGS (National Language(s)): Entschädigungseinrichtung des Bundesverbandes Öffentlicher Banken GmbH (EdÖ)
Link to website of DGS: www.voeb-edoe.de
Current target level for DGS: 0.80%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 21,593,056 26,191,350 29,341,680
Available financial means (€'000s) 83,860 93,223 106,280

 

Protection scheme of the German Savings Banks Association

Name of DGS (National Language(s)): Sicherungseinrichtung des Deutschen Sparkassen- und Giroverbandes (DSGV-Haftungsverbund)
Link to website of DGS: https://www.dsgv.de/en/savings-banks-finance-group/institutional_protection_scheme.html
Current target level for DGS: 0.80%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 637,369,527 662,295,158 686,439,260
Available financial means (€'000s) 2,219,150 2,566,757 2,976,440

 

Protection scheme of the cooperative Banks GmbH

Name of DGS (National Language(s)): BVR Institutssicherung GmbH
Link to website of DGS: https://www.bvr-institutssicherung.de/isg.nsf/index.xsp
Current target level for DGS: 0.80%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 446,147,620 466,823,075 485,524,120
Available financial means (€'000s) 1,000,000 1,360,000 1,732,000

 

Greece

 

Hellenic Deposit and Investment Guarantee Fund (TEKE)

Name of DGS (National Language(s)): Ταμείο Εγγύησης Καταθέσεων και Επενδύσεων (ΤΕΚΕ)
Link to website of DGS: www.teke.gr
Current target level for DGS: 1.39%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 91,909,820 95,703,378 98,831,819
Available financial means (€'000s) 1,266,503 1,332,008 1,430,269

 

Hungary

 

National Deposit Insurance Fund of Hungary (NDIF)

Name of DGS (National Language(s)): Országos Betétbiztosítási Alap
Link to website of DGS:  www.ndif.hu
Current target level for DGS: 0.80%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (HUF'000's) 8,153,496,000 8,436,521,000 9,256,726,030
Available financial means (HUF'000's) 18,405,505 26,904,527 32,474,000
Applicable exchange rate 315.98 309.83 312.73
Covered deposits (€'000s) 26,039,525 27,229,516 29,828,653
Available financial means (€'000s) 58,781 86,836 104,643

 

Ireland

 

Irish Deposit Guarantee Scheme

Link to website of DGS:  www.depositguarantee.ie
Current target level for DGS: 0.80%
Previous funding model: Other

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 89,281,372 94,075,298 98,968,000
Available financial means (€'000s) 0 93,424 154,000

 

Iceland

 

The Icelandic Depositors' and Investors' Guarantee Fund

Name of DGS (National Language(s)): Tryggingarsjóður innstæðueigenda og fjárfesta (TIF)
Link to website of DGS:  www.tif.is
Current target level for DGS: Not yet defined
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (ISK'000's) 1,100,923,214 1,218,890,239 1,321,267,000
Available financial means (ISK'000's) 24,223,000 27,565,152 32,534,000
Applicable exchange rate 141.0285 119.0519 125.05
Covered deposits (€'000s) 7,783,527 10,238,311 10,565,912
Available financial means (€'000s) 171,257 231,539 260,168
Italy

 

Depositors' Guarantee Fund of Credit Cooperative Banks

Name of DGS (National Language(s)): Fondo di Garanzia dei Depositanti del Credito Cooperativo
Link to website of DGS:  www.fgd.bcc.it
Current target level for DGS: 0.80%
Previous funding model: Ex post funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 82,612,266 90,429,104 93,805,170
Available financial means (€'000s) 0 77,576 163,250

 

 

Interbank Deposit Protection Fund

Name of DGS (National Language(s)): Fondo Interbancario di Tutela dei Depositi
Link to website of DGS:  www.fitd.it
Current target level for DGS: 0.80%
Previous funding model: Ex post funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 530,777,486 577,901,204 592,081,290
Available financial means (€'000s) 204,183 543,703 951,640

 

Latvia

 

Deposit Guarantee Fund of Latvia

Name of DGS (National Language(s)): Latvijas Noguldījumu garantiju fonds
Link to website of DGS: http://www.fktk.lv/lv/
Current target level for DGS: 0.80%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 7,858,149 7,741,633 8,435,000
Available financial means (€'000s) 105,870 133,251 154,000

 

Lichtenstein

 

The Deposit Guarantee and Investor Protection Foundation

Name of DGS (National Language(s)): Einlagensicherungs- und Anlegerentschädigungs-Stiftung SV (EAS)
Link to website of DGS: http://eas-liechtenstein.li/en/start
Current target level for DGS: 0.80%
Previous funding model: Other

  30 September 2015 31 December 2016 31 December 2017
Covered deposits (CHF'000's) 6,636,871 6,083,417 5,641,185
Available financial means (CHF'000's) 0 0 0
Applicable exchange rate 1.0835 1.0739 1.1607
Covered deposits (€'000s) 6,079,948 5,664,789 4,860,158
Available financial means (€'000s) 0 0 0
Lithuania

 

Deposit and Investment Insurance

Name of DGS (National Language(s)): Valstybės įmonė "Indėlių ir investicijų draudimas"
Link to website of DGS: http://www.iidraudimas.lt/en
Current target level for DGS: 0.80%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 10,988,606 11,818,681 13,036,840
Available financial means (€'000s) -82,790 23,182 55,070

 

Luxembourg

 

Deposit Guarantee Fund Luxembourg

Name of DGS (National Language(s)): Fonds de garantie des dépôts Luxembourg (FGDL)
Link to website of DGS: www.fgdl.lu
Current target level for DGS: 1.60%
Previous funding model: Ex post funded

  31 December 2015 30 December 2016 31 December 2017
Covered deposits (€'000s) 28,720,236 29,159,373 30,398,100
Available financial means (€'000s) 0 75,727 154,000

 

Malta

 

Depositor Compensation Scheme

Link to website of DGS: www.compensationschemes.org.mt
Current target level for DGS: 1.30%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 9,859,227 10,874,776 11,046,313
Available financial means (€'000s) 115,198 128,935 111,185

 

Netherlands

 

Dutch Central Bank, Deposit Guarantee Fund

Name of DGS (National Language(s)): DeNederlandscheBank, Depositogarantiefonds
Link to website of DGS: http://www.dnb.nl/en/about-dnb/consumers-and-dnb/consumers-and-supervision/depositogarantiestelsel/
Current target level for DGS: 0.80%
Previous funding model: Ex post funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 461,000,902 472,296,888 485,442,000
Available financial means (€'000s) 0 448,009 915,000

 

Norway

 

The Norwegian Banks' Guarantee Fund

Name of DGS (National Language(s)): Bankenes sikringsfond
Link to website of DGS: www.bankenessikringsfond.no
Current target level for DGS: 0.80%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (NOK'000's) 1,203,128,441 1,263,836,823 1,245,379,900
Available financial means (NOK'000's) 30,530,456 32,471,915 33,873,400
Applicable exchange rate 9.603 9.0863 9.6465
Covered deposits (€'000s) 131,056,842 139,092,570 129,598,824
Available financial means (€'000s) 3,325,684 3,573,722 3,524,991

 

Poland
Bank Guarantee Fund [Banks]

Name of DGS (National Language(s)): Bankowy Fundusz Gwarancyjny
Link to website of DGS: www.bfg.pl
Current target level for DGS: 2.60%
Previous funding model: Other

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (PLN'000's) 632,447,372 689,021,732 721,025,921
Available financial means (PLN'000's) 10,027,568 11,366,359 12,338,981
Applicable exchange rate 4.2639 4.4103 4.177
Covered deposits (€'000s) 148,326,033 156,230,128 172,618,128
Available financial means (€'000s) 2,351,736 2,577,230 2,954,030

 

Bank Guarantee Fund [Credit unions]

Name of DGS (National Language(s)): Bankowy Fundusz Gwarancyjny
Link to website of DGS: www.bfg.pl
Current target level for DGS: 1.00%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (PLN'000's) 11,559,517 10,685,784 9,546,608
Available financial means (PLN'000's) 30,295 31,786 0
Applicable exchange rate 4.2639 4.4103 4.177
Covered deposits (€'000s) 2,711,020 2,422,916 2,285,518
Available financial means (€'000s) 7,105 7,207 0

 

Portugal

 

Deposit Guarantee Fund

Name of DGS (National Language(s)): FGD - Fundo de Garantia de Depósitos
Link to website of DGS: www.fgd.pt
Current target level for DGS: 0.80%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 126,527,412 129,647,682 130,129,398
Available financial means (€'000s) 1,550,280 1,549,148 1,546,021

 

Mutual Agricultural Credit Guarantee Fund

Name of DGS (National Language(s)): FGCAM - Fundo de Garantia do Crédito Agrícola Mútuo
Link to website of DGS: www.fgcam.pt
Current target level for DGS: 0.80%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 9,171,775 9,691,558 10,332,673
Available financial means (€'000s) 261,080 261,380 262,146

 

Romania

 

Bank Deposit Guarantee Fund

Name of DGS (National Language(s)): Fondul de garantare a depozitelor bancare
Link to website of DGS: www.fgdb.ro
Current target level for DGS: 3.43%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (RON'000's) 148,754,624 158,619,282 172,671,682
Available financial means (RON'000's) 4,879,484 5,387,177 5,472,517
Applicable exchange rate 4.524 4.539 4.6585
Covered deposits (€'000s) 32,881,217 34,945,865 37,065,940
Available financial means (€'000s) 1,078,577 1,186,864 1,174,738

 

Slovakia

 

Deposit Protection Fund

Name of DGS (National Language(s)): Fond ochrany vkladov
Link to website of DGS: www.fovsr.sk
Current target level for DGS: 0.80%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 28,618,796 30,773,428 32,391,897
Available financial means (€'000s) 192,581 202,651 205,387
Slovenia

 

Bank of Slovenia

Name of DGS (National Language(s)): Banka Slovenije
Link to website of DGS: www.bsi.si
Current target level for DGS: 0.80%
Previous funding model: Ex post funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 16,192,797 17,063,036 17,898,094
Available financial means (€'000s) 0 16,016 32,961

 

Spain

 

Deposit Guarantee Fund of Credit Institutions

Name of DGS (National Language(s)): Fondo de Garantía de Depósitos de Entidades de Crédito
Link to website of DGS: www.fgd.es
Current target level for DGS: 0.80%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (€'000s) 684,902,000 698,696,500 707,092,900
Available financial means (€'000s) 986,980 1,525,453 1,881,000

 

Sweden

 

Swedish National Debt Office

Name of DGS (National Language(s)): Riksgälden
Link to website of DGS: www.riksgalden.se
Current target level for DGS: 0.80%
Previous funding model: Ex ante funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (SEK'000's) 1,554,662,040 1,682,116,133 2,279,500,000
Available financial means (SEK'000's) 35,200,000 38,081,827 40,084,000
Applicable exchange rate 9.1895 9.5525 9.8438
Covered deposits (€'000s) 169,256,056 176,091,718 231,567,078
Available financial means (€'000s) 3,832,224 3,986,582 4,072,005

 

United Kingdom

 

Financial Services Compensation Scheme (FSCS)

Link to website of DGS: www.fscs.org.uk
Current target level for DGS: 0.80%
Previous funding model: Other

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (GBP'000's) 1,067,400,000 1,098,976,812 1,145,000,000
Available financial means (GBP'000's) 3,600,000 6,100,000 7,400,000
Applicable exchange rate 0.73395 0.85618 0.88723
Covered deposits (€'000s) 1,454,322,502 1,283,581,504 1,290,533,458
Available financial means (€'000s) 4,904,966 7,124,670 8,340,566

 

Gibraltar Deposit Guarantee Scheme

Link to website of DGS: www.gdgb.gi
Current target level for DGS: 0.80%
Previous funding model: Ex post funded

  31 December 2015 31 December 2016 31 December 2017
Covered deposits (GBP'000's) 1,026,100 1,192,286 1,265,000
Available financial means (GBP'000's) 0 912 2,000
Applicable exchange rate 0.73395 0.85618 0.88723
Covered deposits (€'000s) 1,398,051 1,392,565 1,425,786
Available financial means (€'000s) 0 1,065 2,254