login
login
Image header Agence Europe
Europe Daily Bulletin No. 13006
ECONOMY - FINANCE - BUSINESS / Banks

Almost half of the national deposit guarantee schemes have reached EU target for 2024

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...