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 Caixa de Crédito Agrícola Mútuo da Área Metropolitana do Porto, CRL
All credit institutions operating in Portugal are obliged to participate
in Portuguese deposit guarantee scheme.
Caixa de Crédito Agrícola Mútuo da Área Metropolitana do Porto, CRL is a member of Fundo de Garantía de Crédito Agrícola Mútuo (FGCAM) and makes its contributions into it. In the case of Caixa de Crédito Agrícola Mútuo da Área Metropolitana do Porto, CRL failure, eligible depositors having covered accounts
in this bank will be paid out the following compensation:
Maximum Protected Amount
natural persons legal entities
credit institutions investment companies financial institutions insurance and reinsurance undertakings collective investment institutions pension funds public sector entities supranational or international bodies
current accounts savings accounts time deposit accounts housing savings retirement savings certificates of deposit cash holdings resulting from transitional situations arising from normal banking operations
all currencies, namely
Paid In Currency
Fundo de Garantía de Crédito Agrícola Mútuo (FGCAM)
Praça da Liberdade, 92, Apartado 4038, 4001-806 Porto, Portugal