As of January 1, 2025, the deposit guarantee limit for bank deposits in Moldova is 200,000 Moldovan lei per depositor per bank.
This amount covers all deposits of individuals in national and foreign currencies, protecting them in the event of a bank's license revocation. If funds are deposited in multiple banks, the guarantee applies to each bank separately.
Key details of the guarantee system:
- Essence: Protection of deposits in the event of a bank's insolvency or liquidation.
- Guarantor: Deposit Guarantee Fund in the Banking System (FGDSB).
- Object: Deposits in Moldovan lei and foreign currency, including accrued interest, are guaranteed.
- Participants: All licensed banks in the country.
- Guarantee Amount: 200,000 Moldovan lei per depositor per bank.
- Who is protected: Individuals (citizens of the Republic of Moldova and foreigners) and legal entities (companies).
- Account Types: The guarantee applies to current accounts, savings accounts, and term deposits in all currencies.
- Currency: Deposits in Moldovan lei, as well as in foreign currency (MDL equivalent), are guaranteed.
- Amount Calculation: If a depositor has multiple deposits in one bank, they are summed up.
- Operating Principle: If a bank's license is revoked, depositors receive compensation within the established limit.
- If the total amount of deposits exceeds 200,000 lei, the remaining amount can be covered during the liquidation process from the bank's assets, but there is no guarantee.
The Deposit Guarantee Fund in the Banking System of Moldova (Fondul de Garantare a Depozitelor în Sistemul Bancar, FGDSB) is an independent institution in Moldova that guarantees the return of funds to depositors in the event of a bank's bankruptcy.
It guarantees deposits of individuals and legal entities, both residents and non-residents, in national and foreign currencies. Any bank licensed by the National Bank to accept deposits is required to be a member of the Fund.
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Legal basis of the Republic of Moldova
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Law No. 160/2023 on guaranteeing deposits in banks
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Law No. 232/2016 on the recovery and resolution of banks
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Law No. 550/1995 on the liquidation of banks
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Law No. 202/2017 on the activity of banks
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Law No. 209/2018 on the National Financial Stability Committee
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Decision of FGDSB No. 05/2023 on the approval of the Regulation on informing depositors by the Deposit Guarantee Fund in the banking system and its member institutions
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Decision of FGDSB No. 07/2024 on the approval of the Regulation on the conditions for imposition, the method of determining and collecting special contributions to the Bank Deposit Guarantee Fund
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Decision of FGDSB No. 03/2023 on the approval of the Regulation on regular reporting to the Deposit Guarantee Fund in the banking system, the method of determining and paying ordinary contributions to the Deposit Guarantee Fund
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Decision of FGDSB No. 119/2011 on the approval of the Regulation on the honoring of deposits guaranteed by the Deposit Guarantee Fund in the banking system