For further information about the protection of your Deposits and Investments provided by the Hellenic Deposit and Investment Guarantee Fund visit any of our Branches or read the Information Sheet.
€100,000 per depositor per credit institution 2
Under specific conditions, a higher coverage limit is provided for certain types of deposits 3
The maximum coverage limit of all deposits per
depositor per credit institution is set at EUR one hundred thousand (€100,000).
This limit applies to the total of deposits held with the same credit
institution, irrespective of the number of the deposits, the currency and the
place of deposits within EU. 4
If you hold an account jointly with other
The €100,000 limit applies to each depositor
Reimbursement period in case of credit institution’s
Currency of reimbursement:
Euro (€) or, for branches operating in states with
a different currency, the currency of that state.
Hellenic Deposit & Investment Guarantee Fund (TEKE)
Address: 6 Amerikis St, 2nd Floor
Athens 10671, Greece
Tel.: +30 210 3639933, +30 210 3638339
Fax: +30 210 3635582
2 General limit of protection
If, pursuant to the competent supervisory authority's decision or court ruling, a deposit becomes generally and permanently unavailable because a credit institution is unable to meet its financial obligations towards depositors under the current legislation, depositors are repaid by the Hellenic Deposit & Investment Guarantee Fund.
This repayment covers at maximum EUR one hundred thousand (€100,000). This means that all eligible deposits of a depositor held with the specific credit institutions are added up in order to determine the coverage level. If, for instance a depositor holds a savings account with €90,000 and a personal current account with €20,000, the depositor will only be repaid €100,000.
3 Special coverage limit
More information: http:www.teke.gr
4 Coverage limit for joint accounts
In the case of joint accounts, the limit of €100,000 applies to each depositor.
Reimbursement will be paid by TEKE within seven (7) working days of the date the competent supervisory authority issues the decision or the court issues the ruling, as provided by law. For some types of deposits this deadline may be extended up to three (3) months maximum.
The depositor's right to compensation is prescribed after the lapse of five (5) years as of the said deadlines.
To calculate the amount of reimbursement, the deposit account balances are offset against any liabilities the depositor has towards the credit institution, insofar as such liabilities had become due and payable on or before the date of the credit institution's failure.
More information: http:www.teke.gr
Other important information:
Exceptions for certain types of deposits are stated on the website of the Hellenic Deposit & Investment Guarantee Fund (TEKE) http:www.teke.gr. National Bank of Greece will inform you, upon request, whether your deposits and/or specific types of deposits are covered or not. Your deposits, as stated on the account statement (for accounts where account statements are issued) are protected under the provisions of Law 4370/2016, insofar as they do not fall within the exceptions of Article 8 thereof.
Beneficiaries/depositors are under obligation to verify their personal data at regular intervals and to inform immediately the credit institution of any changes in such data, so that they can be easily identified.
To view the Depositor Information Sheet click here (available in PDF).
1 Eligible investment services are the services defined under Article 4 of Law 3606/2007 (Gov. Gazette 195 Α 17/8/2007) par. 1 (a) - (d), (f), (g), as well as the associated service under par. 2 (a) of the said Article. Such services include, without limitation: receiving, transmitting and executing orders, underwriting financial instruments, safekeeping and managing financial instruments for the account of customers, dealing on one or more financial instruments for own account, managing customer portfolios etc.
2 The scheme responsible for the protection
of the eligible investment service.
3 General limit of protection
If a claim under an
eligible investment service is unavailable because a credit institution is
ascertained [by the supervisory or a judicial authority] to be unable to meet
its obligations towards its investors/customers under the current legislation, investors/customers
are repaid by the Hellenic Deposit & Investment Guarantee Fund. This repayment covers at
maximum EUR thirty thousand (€30,000). This means that all claims under
eligible investment services of an investor/customer at the specific credit institution
are added up in order to determine the coverage limit. If, for instance, an
investor/customer claims €15,000 and €20,000 under two eligible investment
services respectively, the investor/customer will only be repaid €30,000.
4 Coverage limit for co-beneficiaries of the
same claim under investment services
As regards investors/customers who are co-beneficiaries of the same claim under eligible investment services, the share of each investor/customer is considered as a separate claim against the credit institution, and the investor/customer is repaid the total amount of EUR thirty thousand (€30,000), which also includes any other claims under eligible investment services.
Reimbursement will be paid by TEKE three months at the latest after TEKE has sent the reimbursement beneficiaries' list to the Bank of Greece. This deadline may be extended up to three (3) months maximum.
The investor's/customer's right to compensation is prescribed after the lapse of five (5) years as of the said deadlines.
To calculate the amount of reimbursement, the investor's/customer's claims are offset against any respective liabilities the investor/customer may have with the participating credit institution.
Exceptions of certain claims under investment services
are listed on the website of the Hellenic Deposit &
Investment Guarantee Fund (TEKE) http:www.teke.gr. National Bank of Greece will inform you, upon request,
whether certain types of products are covered or not.
To view the Investor/Customer
Information Sheet click here (available in PDF).