Allileggyis Co-operative Credit Society

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 Allileggyis Co-operative Credit Society

All credit institutions operating in Cyprus are obliged to participate in Cyprian deposit guarantee scheme.

Allileggyis Co-operative Credit Society is a member of Deposit Guarantee Fund for Cooperative Credit Institutions and makes its contributions into it. In the case of Allileggyis Co-operative Credit Society failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Maximum Protected Amount
100,000 EUR
Temporary High Balance
150,000 EUR
Eligible Depositors
natural persons
  • citizens of Cyprus
  • residents of Cyprus
  • foreign citizens
  • foreign residents
legal entities
  • registered in Cyprus
  • registered abroad
Non-Eligible Depositors
banks
cooperative credit institutions
investment firms
insurance undertakings
public funds
public authorities
Covered Currencies
all currencies, namely
  • EUR (Euro)
  • foreign currencies
Paid In Currency
EUR

Further Information

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