On 29 September 2022, the Bank Guarantee Fund adopted a resolution decision for Getin Noble Bank S.A. (“the Bank”). On 30 September 2022, the Fund’s decision was delivered to the Bank. Thus, on that date, the resolution process against Getin Noble Bank S.A. was initiated. Also on that date, the Bank’s capital
The Bank Guarantee Fund signed MoU with its Ukrainian counterpart
The Bank Guarantee Fund, the Polish Deposit Guarantee Scheme, signed on September 8, 2022, a Memorandum of Understanding with its Ukrainian counterpart: the Deposit Guarantee Fund (DGF, Фонд гарантуванная вклодив).
The agreement was signed at the headquarters of BFG by the President of the Management Board of BFG Piotr Tomaszewski and the Managing
The Bank Guarantee Fund signed MoU with its Ukrainian counterpartRead more …
On the Fund’s website, in the section “Resolution – MREL Methodology”, the Fund’s approach to the calculation and maintenance of the MREL requirement (MREL Methodology) has been published.
We kindly invite you to read!
BFG President in the IADI Strategic Planning Working Group
President of the BFG Management Board became the member of the Strategic Planning Working Group (SPWG) of the International Association of Deposit Insurers (IADI). The group is responsible for developing solutions that will enable the reform of the association.
BFG President in the IADI Strategic Planning Working GroupRead more …
The Act on the Bank Guarantee Fund, Deposit Guarantee Scheme and Resolution entered into force
On 9 October 2016 entered into force the Act on the Bank Guarantee Fund, Deposit Guarantee Scheme and Resolution (the Act on BFG).
Under the new Act on BFG the Fund has gained new powers enabling to carry out a resolution action. The Fund may start the resolution process, if any opportunities to
The Act on the Bank Guarantee Fund, Deposit Guarantee Scheme and Resolution entered into forceRead more …
Payouts of guaranteed funds in years 2014-2017 and the size of the BFG funds
During the period of 2014-2017, the Bank Guarantee Fund (BFG) paid out PLN 4.326 bln of guaranteed funds to depositors of 11 failed credit unions and PLN 2.174 bln to depositors of two failed cooperative banks.
Total guarantee liabilities in both cases (including amounts not yet collected by depositors) amounted to PLN 6.549
Payouts of guaranteed funds in years 2014-2017 and the size of the BFG fundsRead more …