Deposit Protection Fund
The Bank is a member of both the statutory deposit guarantee scheme of German banks (Entschädigungseinrichtung deutscher Banken GmbH, EdB) and the voluntary Deposit Protection Fund operated by the Association of German Banks (Bundesverband deutscher Banken e.V.).
According to the current By-laws of the Deposit Protection Fund, each creditor will be compensated up to a protection ceiling of EUR 5 million (natural persons and entities treated as such) or EUR 50 million (non-financial corporations and entities treated as such), and – if below the protection ceiling – only up to a maximum of 15% of the Bank's own funds within the meaning of Article 72 of the EU Capital Requirements Regulation (CRR). From 1 January 2025, these protection ceilings will change to EUR 3 million and EUR 30 million and a maximum of 8.75% of the Bank's own funds, and from 1 January 2030, to EUR 1 million and EUR 10 million and a maximum of 8.75% of the Bank's own funds.
The Bank will inform the client of the relevant protection ceiling upon request; the guarantee level is also available on the Internet at https://einlagensicherungsfonds.de (in German)
If you would like more detailed information on the scope of protection pursuant to the By-laws of the Deposit Protection Fund, as amended on 1 January 2023, please refer in particular to no. 20 of our General Terms and Conditions and to section 6 of the By-laws of the Deposit Protection Fund, which you can also find at the web address provided above.