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Protection of Personal Data within BDIF

The Bulgarian Deposit Insurance Fund (BDIF) guarantees in utmost degree the protection of personal data processed or made available in connection with BDIF performance of its mandate ...

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Cooperation Agreement – European Forum of Deposit Insurers

The European Forum of Deposit Insurers supported by the European Banking Authority and in line with the Guidelines published by them elaborated and publishedCooperation Agreement in compliance with Art. 14 (5) of Directive 2014/49/EU on deposit guarantee schemes. The Agreement provides a framework on cross border payouts to depositors, transfer of contributions, as well as mutual lending between deposit guarantee schemes. The Agreement is supported by a Rulebook.
BDIF adhered to the EFDI Cooperation Agreement on 22 November 2016.

Core Principles for Effective Deposit Insurance Systems – International Association of Deposit Insurers

In November 2014 the International Association of Deposit Insurers published the revised Core Principles for Effective Deposit Insurance Systems taking stock of the recent financial crisis and the prospective role of DIS in crisis resolution. The Financial Stability Board has included the Core Principles in their Compendium of Standards for sound financial systems. The IMF and the World Bank use the Core Principles in the context of the Financial Sector Assessment Program.


BDIF guarantees full repayment of depositor’s funds with each individual bank, regardless of the number and size of the deposits, up to BGN 196,000 (EUR 100,000). This amount includes the principal and the interest accrued up to the date of the BNB’s resolution on a bank’s license revocation or on the declaration of unavailability of deposits with a bank. Additional protection up to BGN 250,000 (EUR 127,823) for a term of three months is provided for the following types of deposits: deposits of individuals arising from transactions with real estates for residential purposes; deposits of individuals arising from amounts paid in connection with conclusion or dissolution of marriage, termination of a labour contract or civil service contract, disability, or death; and deposits arising from insurance or social insurance payments or from payment of compensation for damages from crimes or reversed sentence.

The BDIF insures bank deposits of physical persons and legal entities both in levs and in foreign currency. Deposits are all funds in a bank account opened in the name of one or more persons: time and demanddeposits, current and savings account, debit or credit cards accounts. Deposit insurance is applicable also to credit balances, which the bank shall repay to its customers under the terms provide by law or a contract signed.

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