European Deposit Guarantee Funds Hold EUR 79 Billion, Reports EBA

Prague, 3 June 2025 – The European Banking Authority (EBA) has announced that all national Deposit Guarantee Schemes (DGSs) in the European Union have reached the minimum target level set by the EU Deposit Guarantee Schemes Directive (DGSD).

These funds have been built up gradually over a ten-year transitional period through regular contributions from banks to national schemes designed to compensate depositors in the event of a bank failure.

The total amount accumulated by European DGSs has reached EUR 79 billion. These systems ensure that depositors will be reimbursed up to EUR 100,000 per person and per financial institution in the event of a bank failure. The objective is to strengthen public confidence in the financial system and protect clients from the loss of their savings.

All banks operating within the EU are legally obliged to contribute to their respective national DGS. The schemes must be able to ensure the repayment of covered deposits no later than seven working days after a bank failure. The required minimum target level is generally set at 0.8% of covered deposits .

According to the most recent data as of 31 December 2024, the volume of covered deposits across the EU — i.e. those eligible for reimbursement — rose by 3.2% year-on-year to €8.6 trillion. This follows previous increases of 1.7% in 2023 and 2.5% in 2022. The publicly available dataset also includes figures for Iceland, Norway and Liechtenstein, which together with the EU form the European Economic Area.

By publishing information on the available financial means and the volume of covered deposits in individual EU Member States on an annual basis, the EBA aims to increase transparency and ensure the accountability of deposit guarantee schemes towards depositors, financial markets, policymakers, and Member States.

In addition to the accumulated funds, all EU DGSs have in place additional financial arrangements – such as the possibility to require banks to make extraordinary contributions to the fund or to make additional short-term funding available should the need arise.

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