Sunday July 12, 2020

Central Bank’s compensation fund contains just €526 million

The Central Bank’s emergency fund to compensate customers whose savings are threatened by a bank collapse contains just €526 million - enough to cover the claims of just 26,000 savers - according to figures provided by the bank.

2nd August, 2008

The Central Bank’s emergency fund to compensate customers whose savings are threatened by a bank collapse contains just €526 million - enough to cover the claims of just 26,000 savers - according to figures provided by the bank.

The figures also show that Irish banks contributed just over €60 million last year to the deposit protection scheme fund, which was set up in 1995. Banks are required to hand over 0.2 per cent of...

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