For Banks - Documents

Premium Contributions

Premium contributions of member banks to BDIF are calculated in accordance with the requirements of Ordinance No. 30 of 21 January 2016 on Calculation of the Premium Contributions Due by Banks under the Law on Bank Deposit Guarantee, issued by the BNB (Ordinance No. 30).

For the purpose of determining the contributions, the banks provide the BDIF with information in compliance with the requirements of Guidelines for Providing Information Pursuant to Art. 23 of Ordinance No. 30 of the BNB of 21 January 2016 on Calculation of the Premium Contributions Due by Banks under the Law on Bank Deposit Guarantee, issued by the BNB.

Pursuant to Art. 14, para 3 in connection with Art. 14, para 2 of Ordinance No. 30 BDIF Management Board determines the interval boundaries of individual risk scores.

Testing of the DGS

Under the provisions of the LBDG BDIF shall carry out regular stress tests of the deposit guarantee system. For the purpose of specifying the required information provided by member banks BDIF Management Board has issued respective instructions.

FAQ

BDIF guarantees full repayment of depositor’s funds with each individual bank, regardless of the number and size of the deposits, up to BGN 196,000 (EUR 100,000). This amount includes the principal and the interest accrued up to the date of the BNB’s resolution on a bank’s license revocation or on the declaration of unavailability of deposits with a bank. Additional protection up to BGN 250,000 (EUR 127,823) for a term of three months is provided for the following types of deposits: deposits of individuals arising from transactions with real estates for residential purposes; deposits of individuals arising from amounts paid in connection with conclusion or dissolution of marriage, termination of a labour contract or civil service contract, disability, or death; and deposits arising from insurance or social insurance payments or from payment of compensation for damages from crimes or reversed sentence.

The BDIF insures bank deposits of physical persons and legal entities both in levs and in foreign currency. Deposits are all funds in a bank account opened in the name of one or more persons: time and demanddeposits, current and savings account, debit or credit cards accounts. Deposit insurance is applicable also to credit balances, which the bank shall repay to its customers under the terms provide by law or a contract signed.

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