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Europe Daily Bulletin No. 13006

25 August 2022
ECONOMY - FINANCE - BUSINESS / Banks
Almost half of the national deposit guarantee schemes have reached EU target for 2024
Brussels, 24/08/2022 (Agence Europe)

At the end of 2021, 17 out of 36 national bank deposit guarantee schemes (DGS) in the European Economic Area had reached the EU-wide target of 0.8% of covered deposits by July 2024, according to data published by the European Banking Authority (EBA) on Thursday 4 August.

The EBA notes that the financial means of 34 DGS increased by more than 19% between 2020 and 2021. In addition, eligible savings of individuals and companies increased by 5.6% in 2021 and 8.6% in 2020, both years marked...