- Following a two-year pause, the Bank Guarantee Fund (BGF) has resumed collecting contributions from banks for the Bank Deposit Guarantee Fund, as it fell below the 1.6% target level.
- A 20% increase in covered deposits since the end of 2022 is the main driver of the total contributions.
- The BFG’s net profit for 2024, approximately PLN 1,300 million, helped limit the overall level of contributions.
The Council of the Bank Guarantee Fund has set banks’ total contributions for 2025 at PLN 2,706 million. The contributions are composed of:
- Bank Deposit Guarantee Fund at PLN 893 million
- Bank Resolution Fund at PLN 1,813 million
Over the past two years, BFG has not collected contributions for the Bank Deposit Guarantee Fund. However, due to the rapid rise in covered deposits over the past two years, in 2024 the Bank Deposit Guarantee Fund fell below the target level of 1.6% of covered deposits. By law, this requires the BFG to resume collecting contributions to this fund. In parallel, contributions to the Bank Resolution Fund rose by 16% y/y, to PLN 1,813 million from PLN 1,563 million.
