Deposit Insurance Systems Worldwide
Deposit insurance–whether explicit or implicit–is a political reality in effectively all jurisdictions that have a banking system. The role of an explicit deposit insurance system in today's financial environment will continue to evolve and expand.
| 1. Afghanistan |
38. Gibraltar |
75. Nicaragua* |
| 2. Albania* |
39. Greece |
76. Nigeria* |
| 3. Algeria |
40. Guatemala* |
77. Northern Mariana Islands11 |
| 4. Argentina* |
41. Honduras |
78. Norway |
| 5. Armenia |
42. Hong Kong* |
79. Oman |
| 6. Australia* |
43. Hungary* |
80. Paraguay*13 |
| 7. Austria (5)1 |
44. Iceland |
81. Peru* |
| 8. Azerbaijan* |
45. India* |
82. Philippines* |
| 9. Bahamas* |
46. Indonesia* |
83. Poland (2)*14 |
| 10. Bahrain |
47. Ireland |
84. Portugal (2)15 |
| 11. Bailiwick of Jersey* |
48. Isle of Man |
85. Puerto Rico11 |
| 12. Bailiwick of Guernsey* |
49. Italy* (3)6 |
86. Romania* |
| 13. Bangladesh* |
50. Jamaica* (2)7 |
87. Russian Federation* |
| 14. Barbados* |
51. Japan*(2)8 |
88. Serbia* |
| 15. Belarus |
52. Jordan* |
89. Singapore* |
| 16. Belgium* |
53. Kazakhstan* |
90. Slovakia |
| 17. Bermuda |
54. Kenya* |
91. Slovenia |
| 18. Bosnia and Herzegovina* |
55. Korea*9 |
92. Spain16 |
| 19. Brazil* |
56. Kyrgyz Republic |
93. Sri Lanka |
| 20. British Virgin Islands |
57. Lao PDR |
94. Sudan* |
| 21. Brunei* |
58. Latvia |
95. Sweden* |
| 22. Bulgaria* |
59. Lebanon* |
96. Switzerland* |
| 23. Canada* (and Quebec*)(11)2 |
60. Libya |
97. Tajikistan |
| 24. Chile |
61. Liechtenstein* |
98. Tanzania* |
| 25. Chinese Taipei* |
62. Lithuania |
99. Thailand* |
| 26. Colombia* (2)3 |
63. Luxembourg |
100. Trinidad and Tobago* |
| 27. Croatia |
64. Macedonia |
101. Turkey* |
| 28. Cyprus (2)4 |
65. Malaysia* |
102. Uganda |
| 29. Czech Republic* |
66. Malta |
103. Ukraine* |
| 30. Denmark |
67. Mexico*(2)10 |
104. United Kingdom* |
| 31. Dominican Republic |
68. Micronesia11 |
105. United States*17 |
| 32. Ecuador* |
69. Moldova |
106. Uruguay* |
| 33. El Salvador* |
70. Montenegro |
107. Uzbekistan |
| 34. Estonia |
71. Morocco* |
108. Venezuela* |
| 35. Finland |
72. Netherlands |
109. Vietnam* |
| 36. France* |
73. Nepal |
110. Yemen |
| 37. Germany* (6)5 |
74. New Zealand12 |
111. Zimbabwe* |
* An asterisk marks the jurisdictions whose deposit insurance institutions are IADI Members at present.
(Updated 31. Mar. 2011)
1There are five deposit insurance systems in Austria: Einlagensicherung der Banken und Bankiers Gesellschaft m.b.H., Österreichische Raiffeisen-Einlangensicherung reg. Gen.m.b.H., Hypo-Haftungsgesellschaft m.b.H., Sparkassen-Haftungs AG and Schulze-Delitzsch Haftungsgenossenschaft reg.Gen.m.b.H.
2In addition to the Canada Deposit Insurance Corporation (CDIC) and Autorité des marchés financiers(AMF), there are 9 other deposit insurers in Canada. These largely insure provincially-chartered credit unions. There is separately one in each province (Two deposit insurers in Manitoba were amalgamated in 2011).
3There are two deposit insurance systems in Colombia: there is the IADI member Fondo de Guarantias de Instituciones Financieras (FOGAFIN) covering deposits in banks, also the Fondo de Garantias de Entidades Cooperatives (FOGACOOP) to deal with deposits in cooperatives.
4The two deposit insurance systems in Cyprus are the Deposit Protection Scheme and the Deposit Protection Scheme for Co-operative Societies.
5There are six deposit insurance systems in Germany including the private Association of German Banks: Deposit Protection Fund, Depositor Compensation Scheme of the Association of German Public Sector Banks GmbH, Deposit-Protection Fund of the Association of German Public Sector Banks e.V., German Saving Banks Association, National Association of German Cooperative Banks and The German Private Commercial Banks Compensation Scheme for Investors.
6The three deposit insurance systems in Italy are Fondo Interbancario di Tutela dei Depositi (FITD), Fondo di Garanzia dei Depositanti del Credito Cooperativo and Fondo di Garanzia dei portatori di titoli obbligazionari emessi da banche appartenenti al Credito Cooperativo.
7The two deposit insurance systems in Jamaica are Jamaica Deposit Insurance Corporation and Jamaica Co-operative Credit Union League Limited covering credit union.
8While the Deposit Insurance Corporation of Japan, is responsible for insuring deposit-taking institutions in general, the agricultural and fishery cooperatives, etc. are separately insured by the Agricultural and Fishery Cooperative Savings Insurance Corporation (AFCSIC) due to the different risk features of these institutions.
9The Korea Deposit Insurance Corporation provides deposit insurance for banks, insurance companies, securities companies, merchant banks and mutual savings banks. There are other deposit protection schemes for cooperative financial institutions in Korea.
10In Mexico, in addition to the Instituto para la Protección al Ahorro Bancario (IPAB) a provision in law provides for several private trusts, under the generic name of Fondo de Protección (one for each supervising entity that encompasses various popular credit and savings institutions) to cover deposits made in such institutions.
11Deposits of banks in Northern Mariana Islands, Micronesia and Puerto Rico are insured by US Federal Deposit Insurance Corporation (FDIC) (Deposits of banks in American Territories, Guam, American Samoa, the Trust Territory of the Pacific Islands and US Virgin Islands are also insured by US Federal Deposit Insurance Corporation (FDIC)).
12Deposit Insurance Scheme in New Zealand was introduced as provisional scheme in response to Financial Crisis. It was originally introduced on October 2008 for two years, and then extended to the end of December 2011.
13Fondo de Garantia de Depositos (FDG) is a deposit insurance in Paraguay covering all private Banks and finance companies whose operating licenses granted by the Central Bank of Paraguay. The establishment of a deposit insurance fund for cooperatives is under construction.
14There are two deposit insurance systems in Poland : there is the IADI member Bank Guarantee Fund insuring deposits with banks (both commercial and cooperative) and deposits with credit unions are insured by the Polish Cooperative Saving and Credit Union Mutual Insurance Society.
15There are two deposit insurance systems in Portugal: Fundo de Garantia de Depósitos and Fundo de Garantia do Crédito Agrícola Mútuo.
16The Spanish system comprises three deposit guarantee funds: for banking institutions (Fondo de Garantía de Depósitos en Establecimientos Bancarios), savings banks (Fondo de Garantía de Depósitos en Cajas de Ahorro) and cooperative credit banks (Fondo de Garantía de Depósitos en Cooperativas de Crédito), all managed by the Sociedad Gestora de los Fondos de Garantía de Depósitos en Entidades de Créditos, A.I.E.
17A number of deposit insurers exist in the US in addition to the Federal Deposit Insurance Corporation (FDIC). All federal credit unions are insured by the National Credit Union Share Insurance Fund (NCUSIF), a subsidiary of the National Credit Union Administration. Some state-chartered credit unions are also insured by NCUSIF. However, certain states have non-federally insured credit unions. These institutions tend to be insured by private schemes, the largest of which is American Share Insurance.