FIN RVV Deposit Insurance Contributions

Published on: Apr 9, 2025

On Apr. 4, FIN RVV stated 2025 contributions will be EUR 19.9 million.

  • The Financial Stability Authority (FIN FVV) has reviewed target levels of the Deposit Guarantee Fund and the National Resolution Fund, and both were achieved within the deadline set by law, on Jul. 1, 2024, with both target levels being reviewed annually.
  • Deposit Guarantee Fund
  • The target level of the Deposit Guarantee Fund is 0.8% of the total amount of deposits of deposit banks that are subject to compensation, which in 2024 was €157.1 billion.
  • The amount of assets of Deposit Guarantee Fund at end of 2024 was approximately €1,237.2 million, and so to achieve target level of the Deposit Guarantee Fund, about €19.9 million in further deposit guarantee contributions will now be collected in 2025.
  • FIN FVV will make bank-specific decisions on deposit guarantee contributions in Apr.-May and invoicing will take place in Jun. 2025, and payment due date of Jun. 30, 2025.
  • National Resolution Fund
  • Target level of the National Resolution Fund is approximately €0.8 million during 2025 and the Fund's assets had now reached approximately €0.9 million at the end of 2024.
  • It is therefore not necessary to collect National Resolution Fund contributions in 2025.
  • Target level is share of investment firms subject to payment obligation out of target level for investment firms and credit institutions combined, 1% of relevant deposits.
  • Compared to 2024, target level decreased due relative size of the investment sector.
Regulators
FIN RVV
Entity Types
Bank; CNSM; Inv Co
Reference
PR 4/4/2025
Functions
Compliance; Financial; Reporting; Research; Resolution; Risk; Treasury
Countries
Finland
Category
State
N/A
Products
Banking; Deposits; Fund Mgt; Payments
Rule Type
Final
Regions
EMEA
Rule Date
Apr 4, 2025
Effective Date
Jun 30, 2025
Rule ID
249618
Linked to
N/A
Reg. Last Update
Apr 4, 2025
Report Section
EU