News Room

Official Statement

On October 15, 2011 came into force Royal Decree-law 16/2011, of 14th October, setting up the Deposit Guarantee Fund of Credit Institutions. The objective of the new Fund is, as before, to guarantee deposits held by credit institutions, up to the limit of 100.000 Euros, and to carry out any such actions as it considers necessary to reinforce the solvency and functioning of credit institutions. Royal Decree-law 16/2011 also declares the dissolution of the former three Spanish Deposit Guarantee Funds (in Banking Institutions, Savings Banks and Credit Cooperatives Banks), whose assets shall be integrated into the new Fund which shall subrogate their rights and obligations. To sum up, the deposit guarantee offered by the new Fund remains as before.