FGD Annual Report for 2022
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Available financial means
The available financial means of the deposit guarantee compartment amounted to €6.61 billion at 31 December 2022 (0.75% of covered deposits at that date).
Level of coverage
The available financial means of the deposit guarantee compartment must, by no later than 3 July 2024, cover at least 0.8% of the amount of the covered deposits (Target Level). The current level is 0.75%.
Covered cash deposits
At 31 December 2022, eligible cash deposits of the deposit guarantee compartment totalled €1.34 trillion and covered deposits totalled €884.5 billion.
Guaranteed deposits of securities
At 31 December 2022, guaranteed and covered securities amounted to €374.6 billion and €79.6 billion, respectively.
Annual contributions by institutions
In order to reach the Target Level, credit institutions have been contributing a percentage of their covered deposits to the FGD, which has varied over time. The most recent contribution —relating to 2022— was paid in February 2023.
