The European Banking Authority (EBA) published end-2024 data under the Deposit Guarantee Schemes Directive (DGSD) on the financial means available to national deposit guarantee schemes (DGS) and the level of covered deposits, showing EU DGS funds totalled EUR 79bn after a 10-year build-up phase and that all 33 EU DGSs were at or above the envisaged minimum target level. Covered deposits across the EU increased by 3.2% from 2023 to 2024 to EUR 8.6tn, while available funds rose by 11.1% in 2024 to EUR 79bn. The minimum target level is usually 0.8% of covered deposits and was required to be reached for the first time by 3 July 2024; DGS funding is built up through mandatory contributions from banks to support depositor reimbursement within seven days after a bank failure, with additional arrangements for extra contributions and/or short-term funding if needed. The published dataset also covers the European Economic Area, with total covered deposits of EUR 8.8tn and total available financial means of EUR 81bn across the EU, Iceland, Norway and Liechtenstein.
European Banking Authority 2025-05-21
European Banking Authority finds all EU deposit guarantee schemes met minimum target level with funds reaching EUR 79bn
The European Banking Authority (EBA) released end-2024 data under the Deposit Guarantee Schemes Directive, revealing EU Deposit Guarantee Schemes (DGS) funds reached EUR 79 billion, meeting or exceeding the minimum target level. Covered deposits in the EU rose by 3.2% to EUR 8.6 trillion, while available funds increased by 11.1% in 2024. The dataset also includes the European Economic Area, with covered deposits of EUR 8.8 trillion and available financial means of EUR 81 billion.