Luminor Bank AS

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 Luminor Bank AS

All credit institutions operating in Latvia are obliged to participate in Latvian deposit guarantee scheme.

Luminor Bank AS is a member of Deposit Guarantee Fund (DGF) and makes its contributions into it. In the case of Luminor Bank AS 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
  • residents of Latvia
  • citizens of Latvia
  • foreign residents
  • foreign citizens
legal entities
  • registered in Latvia
  • registered abroad
Covered Accounts
deposits
current account balance
salary accounts
savings accounts
etc.
Paid In Currency
EUR

Further Information

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