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Methods of contributions

The state established the initial endowment of the Fund by paying 5 million euros into it, while member banks are expected to contribute to the Fund:

  • in the ordinary way, as of 2017, up to the established percentage rate on covered deposits, which can also be increased annually for the purpose of reaching the minimum target level, in accordance with the European standard, of 0.8 percent of total covered deposits to be reached by 2024;

  • extraordinarily, in case of the Fund's intervention and the need for its replenishment.