Confirmed achievements

The model of deposit insurance system organisation and the existence of the Deposit Insurance Fund as a reserve for paying the depositors in the event of bankruptcy of a credit institution, enable the Agency to be highly efficient in performing its role. Thus, in two recent cases the Agency began paying the compensations to depositors within 7 to 10 working days after the bankruptcy of a credit institution, even though the law requires a deadline of 20 to 30 working days to be met. Such a prompt reaction by the Agency is considered a great success, taken into account that one of the goals of the new EU Directive is to achieve a model of compensation payment within ten working days by 2023.