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Annual report of the Bank Guarantee Fund
2020
8.1 Fund’s financial resources
The Fund collects financial resources earmarked for protecting deposits collected in banks and credit unions as well
as for financing resolution.
Pursuant to the BFG Act, the sources of financing the Fund’s activities include:
contributions to the statutory deposit guarantee scheme made by banks, branches of foreign banks credit unions,
contributions to finance resolution made by banks, branches of foreign banks, investment firms and credit unions,
extraordinary contributions made by banks, branches of foreign banks and credit unions to the statutory guarantee scheme in the
event where funds from the deposit guarantee scheme are insufficient to disburse guaranteed funds,
extraordinary contributions made by banks, branches of foreign banks, investment firms and credit unions to finance
resolution in the event where funds to finance resolution are insufficient to finance such proceedings,
proceeds from the Fund’s financial assets, including loans and guarantees granted by the Fund,
funds obtained as part of non-repayable foreign aid,
funds from grants awarded at the request of the Fund from the state budget on the rules specified in the provisions
on public finances,
funds from the short-term loan granted by the National Bank of Poland,
funds from loans granted from the state budget,
funds obtained from loans, loans and bond issues,
funds obtained from loans granted by the officially recognised deposit guarantee schemes and entities managing
resolution funds from the Member States other than the Republic of Poland on the basis of the concluded agreements,
benefits obtained from the bridge institution and the asset management company, including dividends and interest,
and also revenues from the disposal or liquidation of the bridge institution and the asset management company,
funds obtained as a result of satisfying the Fund’s claims on account of the disbursement of guaranteed funds and
support provided to the acquiring entity,
other proceeds obtained by the Fund.
Contents
Annual report of the Bank Guarantee Fund
2020
8.1 Fund’s financial resources
The Fund collects financial resources earmarked for protecting deposits collected in banks and credit unions as well
as for financing resolution.
Pursuant to the BFG Act, the sources of financing the Fund’s activities include:
contributions to the statutory deposit guarantee scheme made by banks, branches of foreign banks credit unions,
contributions to finance resolution made by banks, branches of foreign banks, investment firms and credit unions,
extraordinary contributions made by banks, branches of foreign banks and credit unions to the statutory guarantee scheme in the
event where funds from the deposit guarantee scheme are insufficient to disburse guaranteed funds,
extraordinary contributions made by banks, branches of foreign banks, investment firms and credit unions to finance
resolution in the event where funds to finance resolution are insufficient to finance such proceedings,
proceeds from the Fund’s financial assets, including loans and guarantees granted by the Fund,
funds obtained as part of non-repayable foreign aid,
funds from grants awarded at the request of the Fund from the state budget on the rules specified in the provisions
on public finances,
funds from the short-term loan granted by the National Bank of Poland,
funds from loans granted from the state budget,
funds obtained from loans, loans and bond issues,
funds obtained from loans granted by the officially recognised deposit guarantee schemes and entities managing
resolution funds from the Member States other than the Republic of Poland on the basis of the concluded agreements,
benefits obtained from the bridge institution and the asset management company, including dividends and interest,
and also revenues from the disposal or liquidation of the bridge institution and the asset management company,
funds obtained as a result of satisfying the Fund’s claims on account of the disbursement of guaranteed funds and
support provided to the acquiring entity,
other proceeds obtained by the Fund.
Contents
