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Contributions to the Deposit Division

Skrifað 11.6.2008 Kl.13:40

The Annual General Meeting of the Depositors’ and Investors’ Guarantee Fund was held on February 29, 2008. Among the matters discussed at the AGM was the contribution need of the Fund's Deposit Department for the year 2007. By law, the total assets of the Fund's Deposit Department shall amount to a minimum of 1.0% of the average amount of guaranteed deposits in commercial banks and savings banks during the preceding year. Because of increased deposit balances, the Fund did not fulfil this requirement at year-end 2007. It was therefore necessary to collect 2.5 b.kr. from commercial banks and savings banks so that the Fund would attain the statutory minimum balance. Furthermore, the banks also issued guarantees in the amount of 6 b.kr.