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 Banque européenne du crédit mutuel Monaco
Credit institutions operating in Monaco participate in French deposit guarantee scheme
on the same terms as French credit institutions.
Banque européenne du crédit mutuel Monaco is a member of Fonds de Garantie des Dépôts et de Résolution (FGDR) and makes its contributions into it. In the case of Banque européenne du crédit mutuel Monaco failure, eligible depositors having covered accounts
in this bank will be paid out the following compensation:
companies of any size, regardless of their status
associations and other professional groups
foundations and groups of any kind
all companies and organisations in the financial sector
central governments and administrations
current accountsdemand accountspassbook accountsterm accountshome savings accountshome savings schemesetc.
all deposit accounts, including
items entrusted to your bank's safety deposit department
anonymous deposit or instrument with a holder who cannot be identified
cash recorded on an electronic medium
deposit of equity
nominative savings certificates
EUR (Euro)foreign currencies
all currencies, namely
Maximum Protected Amount
Temporary High Balance
Fonds de Garantie des Dépôts et de Résolution (FGDR)
65, Rue de la Victoire, 75009 Paris, France
+33 1 58 183 808