The Bank Guarantee Fund contributes to the stability of the national financial system: it guarantees  banks and credit unions deposits and is responsible for the resolution of financial institutions at risk of bankruptcy.

The basic tasks of the Fund are:

  • disbursment of guaranteed funds to depositors and conducting other obligations resulting from the deposit guarantee,
  • data  control  in the calculating systems for  the entities covered by the guarantee scheme,
  • cumulation and analysis of the information on entities covered by the guarantee scheme,
  • preparation, update and assessment of the resolution  plans as well as  group plans feasibility
  • conducting resolution,
  • redemption and conversion of equity instruments.

With regard to the restructuring of credit unions  in which the risk of insolvency arose, the Fund is responsible for:

  • providing repayable financial assistance,
  • acquisition of credit unions  receivables,
  • providing support to the entities taking over credit unions, taking over selected property rights or selected liabilities of the credit unions or the purchasers of the fund in liquidation, its organized part or selected property rights,
  • control of the correct use of aid and support.

The Bank Guarantee Fund’s with its registered office in Warsaw is a legal entity operating under the Act of 10 June 2016 on the Bank Guarantee Fund, Deposit Guarantee Scheme and Resolution (Journal of Laws of 2017, item 1937, as amended), which has been in force since 9 October 2016.

The Act introduced into the national legal order the provisions of Directive 2014/49/EU of the European Parliament and of the Council of 16 April 2014 on deposit guarantee schemes and Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms.