PMR Online access    |   tel. +48 12 340 51 00    |   E-mail: info@pmrcorporate.com
 


 

Government approves raise in bank-deposit guarantee to €100,000


2010-10-20

The government on 19 October approved a decision to double the bank-deposit guarantee limit to €100,000 from €50,000. The money is to be paid out within 20 days of the Financial Supervisory Commission (KNF) deciding to put a bank into administration.

The change is meant to boost confidence in the country’s financial sector among individuals and small and medium enterprises. It transposes provisions of the EU directive on deposit guarantee schemes.

It is the second such change in two years. In October 2008, at the height of the financial crisis, the Sejm voted to double the country’s deposit guarantee limit from €22,500.



Browse and search in our archive »


subscribe to PMR RSS NEWS channelsSubscribe to PMR RSS NEWS channels »




Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Latest news
 

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.