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 Banca Cooperatista Progresul Sibiu
All credit institutions operating in Romania are obliged to participate
in Romanian deposit guarantee scheme.
Banca Cooperatista Progresul Sibiu is a member of Bank Deposit Guarantee Fund (FGDB) and makes its contributions into it. In the case of Banca Cooperatista Progresul Sibiu failure, eligible depositors having covered accounts
in this bank will be paid out the following compensation:
Maximum Protected Amount
insurance and by reinsurance undertakings
central, local and regional public authorities
time deposit accountscurrent accountssavings accountsdebit/credit card accounts
any credit balance, including
Bank Deposit Guarantee Fund (FGDB)
3 Negru Vodă street, A3 Building, 2nd Floor, Sector 3, 030774 Bucharest, Romania
+40 314 232 804
Banking Products in Romania
8 September 2015
11 September 2019