Deposit Guarantee Fund

Your deposits placed in PNB Banka are protected by the state
Safety of the depositor’s deposits is guaranteed by the deposit guarantee system, which has been established pursuant to the Deposit Guarantee Law that determines the amount of guaranteed compensation, possibilities to receive additionally guaranteed compensation as well as determines date of disbursement of guaranteed compensation.
  • The maximum amount of guaranteed compensation is 100 000 EUR per each depositor per credit institution. The currency of guaranteed compensation shall be the euro.
  • Payment of the guaranteed compensation shall not apply to the deposits specified in Section 23 of the Deposit Guarantee Law.
  • Total of the depositor’s deposits at the same credit institution shall be aggregated and the maximum amount of guaranteed compensation 100 000 EUR shall be applied to the total amount.
  • In addition to the maximum guaranteed compensation in the amount of 100 000 EUR, a depositor is entitled to the guaranteed compensation in the amount of up to 200 000 EUR in accordance with the types of deposits and provisions specified in Section 4 of the Deposit Guarantee Law. 
  • If more than 100 000 EUR are held on the account, the guaranteed compensation in the amount of up to 100 000 EUR shall be applied to each depositor separately provided that this depositor has been identified prior to the date of occurrence of unavailability of deposits.
  • The guaranteed compensation shall be available starting from the 21st working day from the date of the occurrence of unavailability of deposits. Before making the decision on the disbursement of the guaranteed compensation in the full amount, the Financial and Capital Market Commission may decide on partial disbursement of the guaranteed compensation of not less than 100 EUR to a single depositor, however, not exceeding the amount of the covered deposit.
  • For the full version of Deposit Guarantee Law, please visit the following link: https://www.vestnesis.lv/ta/id/274737-noguldijumu-garantiju-likums
  • The bank is obliged to provide to the client the main information on deposit guarantee. The client can request this information from bank employees or view the bank’s homepage on the Internet. You may read “Basic information on state guaranteed protection of deposits” here. 

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