After a 10-year build-up, national bank deposit guarantee schemes reached a total level of €79 billion in the European Union by the end of 2024, or €81 billion if the countries of the European Economic Area (Iceland, Norway and Liechtenstein) are added, according to a report published by the European Banking Authority (EBA), on Wednesday 21 May.
The authority concluded that, at that time, all national bank deposit guarantee schemes had reached or exceeded the regulatory target level of 0.8% of covered deposits.
In Germany, the funds available in the event of a financial crisis to protect savers’ deposits up to a maximum of €100,000 per bank account had reached €7.01 billion (0.84% of deposits covered). In France, this amount was €7.7 billion (plus an available credit line of €1.5 billion), while it was €958.7 million for Italy and €8.27 billion for Spain.
Further information: https://aeur.eu/f/h0m (Original version in French by Mathieu Bion)