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Annual report of the Bank Guarantee Fund
2020
Based on the total amounts of contributions to the individual funds determined by the Fund’s Council, the following
contributions were established during the reporting period:
due from banks and credit unions for individual quarters of 2020 to guarantee funds,
due from banks, investment firms and credit unions for 2020 to resolution funds.
The breakdown of the total amounts for individual entities was made in accordance with:
methods approved by the Polish Financial Supervision Authority – in the case of guarantee funds of banks and credit
unions,
the respective regulations of the European Commission, the Minister of Development and Finance, and resolutions
of the Council – in the case of resolution funds of banks and credit unions.
The calculation of the contributions to the banks’ guarantee fund took into account adjustments to the contributions
made by banks due to corrections made by some of these entities to the data on the amount of guaranteed funds.
As regards the calculation of the contributions to the banks’ resolution fund for 2020, it took into account adjustments
to the contributions made by banks and investment firms for 2019, which was due to some entities making adjustments
to the data underlying the determination of the contribution to the banks’ resolution fund for 2019.
The Fund sent a letter to all entities obliged to make a contribution to the guarantee funds and resolution funds with
details of the amount of contributions due, the payment date thereof and the maximum share of contributions in the form
of commitments to pay. In the case of contributions to the banks’ guarantee fund due from banks participating in the
institutional protection scheme and taking advantage of the relief on account of the participation, the Fund also provided
the calculated amount which those banks should contribute to the protection scheme.
In Q4, after the BFG Council adopted a relevant resolution, banks were also informed about the rate of establishment
of funds for protection of guaranteed sums for the year 2021, defined as 0.35% of the sum of cash accumulated in the
bank on all accounts, constituting the basis for calculating the mandatory reserve for October 2020.
In 2020, changes were made to the methods of calculating contributions to the banks’ guarantee fund due from banks and
for the credit unions’ guarantee fund. The new consolidated text of the method of calculating contributions to the banks’
guarantee fund due from banks was approved by the KNF in a resolution of 18 February 2020.
The changes to the method of calculating contributions to the banks’ guarantee fund concerned:
definition of one of the additional risk indicators due to the amendment to the BION methodology,
modification of the provisions setting out the procedure for the adjustment of contributions – extension of the time
limit from 7 to 10 days for the Fund to make an adjustment to contributions after banks have submitted their adjustment
to the data on guaranteed sums,
making the provision on the amount of relief available to banks participating in institutional protection schemes
(IPS) more flexible by introducing a reference to the Regulation of the Minister of Development and Finance of 27
December 2016 on the manner of determining the risk profile of banks and branches of foreign banks and taking this
profile into account in determining contributions to the banks’ guarantee fund.
Contents
Annual report of the Bank Guarantee Fund
2020
Based on the total amounts of contributions to the individual funds determined by the Fund’s Council, the following
contributions were established during the reporting period:
due from banks and credit unions for individual quarters of 2020 to guarantee funds,
due from banks, investment firms and credit unions for 2020 to resolution funds.
The breakdown of the total amounts for individual entities was made in accordance with:
methods approved by the Polish Financial Supervision Authority – in the case of guarantee funds of banks and credit
unions,
the respective regulations of the European Commission, the Minister of Development and Finance, and resolutions
of the Council – in the case of resolution funds of banks and credit unions.
The calculation of the contributions to the banks’ guarantee fund took into account adjustments to the contributions
made by banks due to corrections made by some of these entities to the data on the amount of guaranteed funds.
As regards the calculation of the contributions to the banks’ resolution fund for 2020, it took into account adjustments
to the contributions made by banks and investment firms for 2019, which was due to some entities making adjustments
to the data underlying the determination of the contribution to the banks’ resolution fund for 2019.
The Fund sent a letter to all entities obliged to make a contribution to the guarantee funds and resolution funds with
details of the amount of contributions due, the payment date thereof and the maximum share of contributions in the form
of commitments to pay. In the case of contributions to the banks’ guarantee fund due from banks participating in the
institutional protection scheme and taking advantage of the relief on account of the participation, the Fund also provided
the calculated amount which those banks should contribute to the protection scheme.
In Q4, after the BFG Council adopted a relevant resolution, banks were also informed about the rate of establishment
of funds for protection of guaranteed sums for the year 2021, defined as 0.35% of the sum of cash accumulated in the
bank on all accounts, constituting the basis for calculating the mandatory reserve for October 2020.
In 2020, changes were made to the methods of calculating contributions to the banks’ guarantee fund due from banks and
for the credit unions’ guarantee fund. The new consolidated text of the method of calculating contributions to the banks’
guarantee fund due from banks was approved by the KNF in a resolution of 18 February 2020.
The changes to the method of calculating contributions to the banks’ guarantee fund concerned:
definition of one of the additional risk indicators due to the amendment to the BION methodology,
modification of the provisions setting out the procedure for the adjustment of contributions – extension of the time
limit from 7 to 10 days for the Fund to make an adjustment to contributions after banks have submitted their adjustment
to the data on guaranteed sums,
making the provision on the amount of relief available to banks participating in institutional protection schemes
(IPS) more flexible by introducing a reference to the Regulation of the Minister of Development and Finance of 27
December 2016 on the manner of determining the risk profile of banks and branches of foreign banks and taking this
profile into account in determining contributions to the banks’ guarantee fund.
Contents
