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Annual report of the Bank Guarantee Fund
2020
At the end of 2020, the guarantee covered deposits in all
domestic banks, excluding Bank Gospodarstwa Krajowego
and mortgage banks, and all credit unions, i.e.:
25 commercial banks
531 cooperative banks, and
23 cooperative credit unions,
The guarantees of the Bank Guarantee Fund cover deposits
from the date of their transfer to the account, but not later
than on the day prior to the date of the fulfilment of the
guarantee condition,
up to the PLN equivalent of EUR
100,000
(including the interest accrued until the date
of the fulfilment of the guarantee condition). In the special
cases enumerated in Article 24 (3) and (4) of the BFG Act,
depositors’ funds are covered by guarantees in an amount
exceeding the PLN equivalent of EUR 100,000 within
three months of crediting the account or from the moment
in which the entitlement has arisen (for entities for which
the guarantee condition was fulfilled after 8 October 2016).
Higher guarantees apply, for example, to funds on the
account obtained from the sale of certain types of real estate
property, the payment of the insurance amount, damages
or compensation.
25
Commercial
banks
23
Cooperative
credit unions,
531
Cooperative
banks
4.1 Rules for guaranteeing deposits
The Bank Guarantee Fund becomes
The
Bank Guarantee Fund
becomes liable to a depositor on account of the deposit guarantee
as of the day when
the guarantee condition is fulfilled
, i.e. on the day when the Polish Financial Supervision Authority suspends the
activity of the bank or credit union and appoints receivership (at a bank) or a receiver (at a union), unless they were
appointed earlier, as well as files for bankruptcy with a competent court, or as of the day when the Bank Guarantee
Fund files for bankruptcy in respect of the bank or credit union undergoing resolution.
Bankowy Fundusz Gwarancyjny
The
Bank Guarantee Fund
has been guaranteeing deposits collected at banks since 17 February 1995, and since
29 November 2013 – also at credit unions.
Contents
Annual report of the Bank Guarantee Fund
2020
At the end of 2020, the guarantee covered deposits in all
domestic banks, excluding Bank Gospodarstwa Krajowego
and mortgage banks, and all credit unions, i.e.:
25 commercial banks
531 cooperative banks, and
23 cooperative credit unions,
The guarantees of the Bank Guarantee Fund cover deposits
from the date of their transfer to the account, but not later
than on the day prior to the date of the fulfilment of the
guarantee condition,
up to the PLN equivalent of EUR
100,000
(including the interest accrued until the date
of the fulfilment of the guarantee condition). In the special
cases enumerated in Article 24 (3) and (4) of the BFG Act,
depositors’ funds are covered by guarantees in an amount
exceeding the PLN equivalent of EUR 100,000 within
three months of crediting the account or from the moment
in which the entitlement has arisen (for entities for which
the guarantee condition was fulfilled after 8 October 2016).
Higher guarantees apply, for example, to funds on the
account obtained from the sale of certain types of real estate
property, the payment of the insurance amount, damages
or compensation.
25
Commercial
banks
23
Cooperative
credit unions,
531
Cooperative
banks
4.1 Rules for guaranteeing deposits
The Bank Guarantee Fund becomes
The
Bank Guarantee Fund
becomes liable to a depositor on account of the deposit guarantee
as of the day when
the guarantee condition is fulfilled
, i.e. on the day when the Polish Financial Supervision Authority suspends the
activity of the bank or credit union and appoints receivership (at a bank) or a receiver (at a union), unless they were
appointed earlier, as well as files for bankruptcy with a competent court, or as of the day when the Bank Guarantee
Fund files for bankruptcy in respect of the bank or credit union undergoing resolution.
Bankowy Fundusz Gwarancyjny
The
Bank Guarantee Fund
has been guaranteeing deposits collected at banks since 17 February 1995, and since
29 November 2013 – also at credit unions.
Contents
