LÅN & SPAR BANK A/S

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 LÅN & SPAR BANK A/S

All credit institutions operating in Denmark are obliged to participate in Danish deposit guarantee scheme.

LÅN & SPAR BANK A/S is a member of Finansiel Stabilitet and makes its contributions into it. In the case of LÅN & SPAR BANK A/S 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
10,000,000 EUR
Eligible Depositors
natural persons
legal entities, for example
  • public limited companies
  • partnerships
  • foundations
  • associations
Non-Eligible Depositors
banks
mortgage credit institutions
investment companies
financial institutions
insurance companies
public authirities
Covered Accounts
cash deposits
Paid In Currency
EUR

Finansiel Stabilitet

Sankt Annæ Plads 13, 2. tv., DK - 1250 Copenhagen K, Denmark
+45 70 27 87 47

Further Information

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