FIMBank plc

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 FIMBank plc

All credit institutions operating in Malta, except for branches of non-EEA banks, are obliged to participate in Maltese deposit guarantee scheme.

FIMBank plc is a member of Depositor Compensation Scheme (DCS) and makes its contributions into it. In the case of FIMBank plc 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
500,000 EUR
Eligible Depositors
natural persons
  • residents of Malta
  • citizens of Malta
  • foreign residents
  • foreign citizens
legal entities
  • registered in Malta
  • registered abroad
Non-Eligible Depositors
financial institutions
investment firms
insurance undertakings
collective investment undertakings
pensions and retirement funds
public authorities
Covered Accounts
most types of deposit are covered, including
  • current accounts
  • time deposit accounts
  • savings accounts
  • any accounts which, at the time of the banks’ failure, may be in credit (such as credit card accounts and overdrafts)
Paid In Currency

Depositor Compensation Scheme (DCS)

Notabile Road, Attard BKR3000, Malta
+356 254 855 65

Further Information

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See Also

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