Milestones in the History of the Deposit Insurance Fund
- April 1995 The operation of the Deposit Insurance Fund office is launched
- 1995 The collapse of the first bank after the establishment of the Fund (Česká banka, a.s.)
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- 2002 Insurance coverage extends to deposits in foreign currencies and the minimum limit is increased from CZK 400,000 to EUR 25,000
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- 2003 The CNB designated Union banka as insolvent
- 2003 The last bankruptcy of a bank in the history of the Czech Republic (Plzeňská banka, a.s.)
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- 2006 Integration of cooperative savings banks into the deposit insurance system
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- 2008 Disbursement completed to the clients of the bankrupt Plzeňská banka
- 2008 The 10% client deductible abolished and the maximum limit increased from EUR 25,000 to EUR 50,000
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- 2009 The start of preparations for the new, accelerated system of deposit compensation disbursement drafted by the European Commission
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- 2011 Increase of insurance limit to € 100 000; reduction of payout delay to 20 working days
For the Media - see also
