bsi.si Deposit Guarantee Scheme : Bank of Slovenia

Organization : Bank of Slovenia
Facility : Deposit Guarantee Scheme
Country : Slovenia
Website : https://www.bsi.si/en/guarantee-scheme.asp?MapaId=1047

Deposit Guarantee Scheme :

The fundamental objectives of the deposit guarantee scheme are to protect investors and to maintain their confidence in the banking system.

Related : SKB Bank Security SMS Service Slovenia : www.statusin.org/28670.html

A sound and effective deposit guarantee scheme is one of the important conditions for the maintenance of financial stability in a country.

The deposit guarantee scheme in Slovenia is operated by the Bank of Slovenia. This means that the Bank of Slovenia :
** establishes and manages the deposit guarantee fund,

** collects the banks’ regular and ad hoc contributions to the deposit guarantee fund, and enters into agreements on other forms of financing the fund,

** puts in place, vets and updates the procedures and arrangements for the repayment of coverage of guaranteed deposits (including stress testing),

** conducts activities for using the deposit guarantee fund to finance measures of bank recovery or compulsory dissolution, i.e. measures that ensure that depositors retain access to guaranteed deposits,

** supervises members of the deposit guarantee scheme (all banks and savings banks established in Slovenia, and branches of third-country banks included in the system in Slovenia) with regard to their fulfilment of the obligations of membership.

** In connection with the exercise of the powers and tasks related to the deposit guarantee scheme, the Bank of Slovenia works with the deposit guarantee authorities of other EU Member States, the resolution authorities and other relevant authorities of EU Member States.

Deposit guarantee fund :
** One of the key innovations brought by the ZSJV is the establishment of a deposit guarantee fund, to which funds will be contributed by banks, and from which guaranteed deposits will be repaid.

** The amount of funds, i.e. the fund’s target level, will be stipulated as a percentage of the total amount of all guaranteed deposits in Slovenia, and will be determined by the Bank of Slovenia.

** Total guaranteed deposits amounted to EUR 16.2 billion as at 31 December 2015.
** The fund’s target level is at least 0.8% of total guaranteed deposits.

** Funds will be paid into the fund by banks in annual contributions until the fund’s target level, as determined by the Bank of Slovenia, is reached, whereby funds equivalent to at least 0.8% of total guaranteed deposits as at 3 July 2024 must be paid in by banks by the aforementioned date.

FAQs :
1. Which depositors have their deposits covered by the guarantee?
The deposits of private individuals, private individuals pursuing registered business activities, sole traders and legal entities (corporates) are covered by the deposit guarantee scheme.

Important : The deposits of the following depositors are not covered by the deposit guarantee scheme :
1. deposits in bearer form, including deposits for which the bank has not obtained the requisite information for the identification of the defacto beneficial owner by the day of the issue of the decision on unavailability;

2. deposits by banks and investment firms and other financial institutions;
3. deposits by insurance corporations, reinsurance corporations and insurance holding companies;

4. deposits by collective investment undertakings;
5. deposits by pension funds and pension companies;

6. deposits by governments and central banks and deposits of entities that are (direct or indirect) users of the state budget;
7. deposits by local communities and deposits by direct and indirect users of the budgets of local communities.