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Romanian Businesspeople Urge Concrete Info On Bk Deposit Guarantee Threshold

The Association of Romanian Businesspeople, or AOAR, urged the central bank and the Ministry of Economy and Finance to issue a public stand on the possibility to increase the threshold on guaranteed bank deposits for people and companies, from the current EUR20,000/ depositor.
Romanian Businesspeople Urge Concrete Info On Bk Deposit Guarantee Threshold
02 oct. 2008, 12:24, English

Businesspeople think the development of the lending system, mainly based on attracting bank deposits from people and companies, is a positive factor in increasing the threshold on guaranteed bank deposits from the current EUR20,000/ depositor.

Similar measures have been recently adopted in Ireland, Great Britain and the United States.

Deposits attracted by commercial banks from clients are guaranteed through the National Bank Deposit Guarantee Fund, which ensures a maximum ceiling of EUR20,000/depositor if lenders cannot fulfill their obligations.