Valle Sparebank

Deposit Guarantee

Deposit Guarantee
Yes (up to 2,000,000 NOK 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 Valle Sparebank

All credit institutions operating in Norway are obliged to participate in Norwegian deposit guarantee scheme.

Valle Sparebank is a member of Norwegian Banks' Guarantee Fund and makes its contributions into it. In the case of Valle Sparebank failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Maximum Protected Amount
2,000,000 NOK
Eligible Depositors
natural persons
  • residents of Norway
  • citizens of Norway
  • foreign residents
  • foreign citizens
legal entities
  • corporations
  • associations
  • registered in Norway
  • registered abroad
Non-Eligible Depositors
credit institutions
financial institutions
public authorities
depositors with unknown identity
Covered Accounts
current accounts
savings accounts
time deposit accounts
positive balance (deposit) on credit cards or other credits (flex loans)
deposits on a share savings account (Aksjesparekonto)
Non-Covered Accounts
investments in financial assets like stocks or securities
Covered Currencies
all currencies, namely
  • NOK (Norwegian krone)
  • foreign currencies
Paid In Currency
NOK

Norwegian Banks' Guarantee Fund

Hansteensgate 2, PO Box 2579, N-0202 Oslo, Norway
+ 47 23 28 42 42

Further Information

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See Also

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