Deposit Guarantee Schemes data

The level of deposit protection in the EU is harmonised at €100,000 (or equivalent amount in the local currency), and this amount is guaranteed irrespective of the current level of available financial means of any Deposit Guarantee Scheme (DGS). Every year, starting in 2016, the EBA collects data showing how much money is available in each DGS's fund (their "available financial means"). The EBA also collects information on the level of deposits that are protected by a DGS in each Member State (the level of "covered deposits"). Member States are required to raise available financial means into their DGS funds equal to at least 0.8% of covered deposits (although, exceptionally, the target level may be reduced to no lower than 0.5%).