Contribution Procedures

The State created the initial endowment of the Fund by paying 5 million Euro into such Fund, whereas for the participating banks the following contribution to the Fund is required:

  • on an ordinary basis, starting from 2017, until the percentage set for the deposits covered is reached, to be increased annually, also for the purpose of reaching the minimum target level, in compliance with European standards, by 0.8% of the total of the deposits covered, to be achieved by 2024;
  • on an extraordinary basis, in case of intervention of the Fund and when it needs to be restored.