Deposits in the banks operating in Estonia
Deposits in the banks operating in Estonia on the basis of an authorisation, including money on settlement accounts, are secured by the Estonian deposit guarantee scheme, the operation principles of which arise from the Deposit Guarantee Act.
Banks operating in
The Deposit Guarantee Act also provides for the procedure for payment of compensation. If the Guarantee Fund has insufficient assets to perform obligations and pay compensations, it is possible take loans from credit institutions or other persons. If this also proves insufficient to perform obligations, the supervisory board of the Guarantee Fund may apply for a state loan or a state guarantee for a loan taken by the Fund.
Deposits in the branches of banks operating in