Cooperative Bank of Thessaly Coop. L.L.

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 Cooperative Bank of Thessaly Coop. L.L.

All credit institutions operating in Greece are obliged to participate in Greek deposit guarantee scheme.

Cooperative Bank of Thessaly Coop. L.L. is a member of Hellenic Deposit and Investment Guarantee Fund (TEKE) and makes its contributions into it. In the case of Cooperative Bank of Thessaly Coop. L.L. 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
300,000 EUR
Eligible Depositors
natural persons
legal entities
Non-Eligible Depositors
credit institutions
financial institutions
insurance undertakings
public authorities
Covered Accounts
all deposit accounts, for example
  • savings accounts
  • sight deposits
  • current accounts
  • time deposits
Covered Currencies
all currencies, namely
  • EUR (Euro)
  • foreign currencies
Paid In Currency
EUR

Hellenic Deposit and Investment Guarantee Fund (TEKE)

6 Amerikis Str-2nd Floor, Athens 10671, Greece
+302103639933

Further Information

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