News » January, 2011 » 5 January 2011
Banks need to contribute more to Deposit Guarantee Fund
05.01.2011, 00:09 | Finance-Banks | 815 views
Funding the Banking Deposit Guarantee Fund (FGDB) on the basis of stand-by agreements with lending institutions has been dropped at the beginning of this year, and banks' annual contribution quota has been raised from 0.2% to 0.3%. As a result of this increase, the exposure coverage degree, calculated as a ratio of the Fund's resources and the total value of guaranteed deposits, is expected to rise. Read more on ZF.ro
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