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.
All branches of EEA-banks operating in Norway participate in deposit guarantee schemes of their home countries. This means that TOYOTA KREDITBANK GMBH norsk avdeling av utenlandsk foretak participates in the deposit guarantee scheme of Germany.
TOYOTA KREDITBANK GMBH norsk avdeling av utenlandsk foretak is a member of Entschädigungseinrichtung deutscher Banken GmbH (EdB) and makes its contributions into it. In the case of TOYOTA KREDITBANK GMBH norsk avdeling av utenlandsk foretak failure, eligible depositors having covered accounts in this bank will be paid out the following compensation: