CIBANK JSC

Deposit Guarantee

Deposit Guarantee
Yes (up to 100,000 EUR per depositor)

Deposit guarantee scheme is a financial stability mechanism implemented in many countries to protect bank depositors against the loss of their deposits in the case when a bank is unable to meet its obligations to depositors by compensating certain deposits held by depositors of the bank. This compensation is paid out from the contributions which banks have made into a deposit guarantee fund.

Deposit Guarantee in CIBANK JSC

All credit institutions operating in Bulgaria are obliged to participate in Bulgarian deposit guarantee scheme.

CIBANK JSC is a member of Bulgarian Deposit Insurance Fund (BDIF) and makes its contributions into it. In the case of CIBANK JSC failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Maximum Protected Amount
100,000 EUR
Eligible Depositors
natural persons
  • Bulgarian citizens
  • Bulgarian residents
  • foreign citizens
  • foreign residents
legal entities
  • registered in Bulgaria
  • registered abroad
Covered Accounts
all funds on a bank account, for example
  • term deposit
  • demand deposit
  • savings account
  • current account
Covered Currencies
all currencies, namely
  • BGN (Bulgarian levs)
  • foreign currencies
Paid In Currency
BGN

Bulgarian Deposit Insurance Fund (BDIF)

27 Vladayska Str., 1606 Sofia, Bulgaria
+359 2 953 1217

Further Information

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See Also

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