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 2. Albania* 3. Algeria
4. Argentina* 5. Armenia 6. Australia*
7. Austria (5)1 8. Azerbaijan* 9. Bahamas*
10. Bahrain 11. Bangladesh* 12. Barbados*
13. Belarus 14. Belgium* 15. Bermuda
16. Bolivia 17. Bosnia and Herzegovina* 18. Brazil (2) 2*
19. British Virgin Islands 20. Brunei* 21. Bulgaria*
22. Cameroon 23. Canada* (and Quebec*, British Columbia*)(11)3 24. Central African republic
25. Chad 26. Chile 27. Chinese Taipei*
28. Colombia (2)4 * 29. Congo 30. Croatia*
31. Cyprus 32. Czech Republic* 33. Denmark
34. Dominican Republic 35. Ecuador* 36. El Salvador*
37. Equational Guinea 38. Estonia 39. Finland*
40. France* 41. Gabon 42. Germany* (9)5
43. Gibraltar 44. Greece* 45. Guatemala*
46. Guernsey* 47. Honduras* 48. Hong Kong*
49. Hungary* 50. Iceland* 51. India*
52. Indonesia* 53. Iran* 54. Ireland
55. Isle of Man 56. Italy* (2)6 57. Jamaica*
58. Japan*(2)7 59. Jersey* 60. Jordan*
61. Kazakhstan* 62. Kenya* 63. Korea* (6)8
64. Kosovo* 65. Kyrgyz Republic* 66. Lao PDR
67. Latvia 68. Lebanon* 69. Libya*
70. Liechtenstein* 71. Lithuania 72. Luxembourg
73. Macao, SAR of China 74. Macedonia 75. Malaysia*
76. Malta 77. Mauritania 78. Mexico*(3)9
79. Micronesia10 80. Moldova 81. Mongolia*
82. Montenegro* 83. Morocco* 84. Nepal
85. Netherlands 86. Nicaragua* 87. Nigeria*
88. Northern MarianaIslands10 89. Norway* 90. Oman
91. Palestine* 92. Paraguay* 93. Peru*
94. People’s Republic of China 95. Philippines* 96. Poland*
97. Portugal (2)11 98. Puerto Rico10 99. Romania*
100. Russian Federation* 101. San Marino 102. Serbia*
103. Singapore* 104. Slovakia 105. Slovenia*
106. Spain 107. Sri Lanka 108. Sudan*
109. Sweden* 110. Switzerland* 111. Tajikistan
112. Tanzania* 113. Thailand* 114. Trinidad and Tobago*
115. Turkey* 116. Uganda* 117. Ukraine*
118. United Kingdom* 119. United States*12 120. Uruguay*
121. Uzbekistan 122. Venezuela* 123. Vietnam*
124. Yemen 125. Zimbabwe*  

* An asterisk marks the jurisdictions whose deposit insurance institutions are IADI Members. (Updated 10 June 2016) 

There are five deposit insurance schemes in Austria: Deposit Protection Company of the Austrian Commercial Banks, Hypo-Haftungs-Gesellschaft mbH, Österreichische Raiffeisen-Einlagensicherung reg. Gen. mbH, Volksbank Einlagensicherung eG and Österreichischer Sparkassenverband.

There are two deposit insurance schemes in Brazil: Fundo Garantidor de Créditos (FGC) and Fundo Garantidor do Cooperativismo de Crédito (FGCOOP).

In addition to the Canada Deposit Insurance Corporation (CDIC) and Autorité des marchés financiers (AMF), there are 9 provincial deposit insurance schemes for credit unions.

There are two deposit insurance schemes in Colombia: Fondo de Guarantias de Instituciones Financieras (FOGAFIN) covering deposits in banks, the Fondo de Garantias de Entidades Cooperatives (FOGACOOP) to deal with deposits in cooperatives.

There are nine deposit insurance schemes in Germany including the Deposit Protection Fund of the Association of German Banks (ESF), Compensation Scheme of German Banks (EdB), National Association of German Cooperative Banks’ Voluntary Scheme (BVR-Sicherungseinrichtung), National Association of German Cooperative Banks’ Mandatory Scheme (BVR Institutssicherung GmbH), Association of German Public Banks Voluntary Guarantee Fund (VÖB-ESF), Compensation Scheme of the Association of German Public Sector Banks (VÖB-EdÖ), Institutional Protection Scheme of the German Savings Banks Association Statutory deposit guarantee scheme of the German Savings Banks Association and the Association of Private Building Societies’ Voluntary Guarantee Fund.

The two deposit insurance schemes in Italy are Fondo Interbancario di Tutela dei Depositi (FITD) and Fondo di Garanzia dei Depositanti del Credito Cooperativo.

While 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.

8 The Korea Deposit Insurance Corporation provides deposit insurance for banks, insurance companies, securities companies, merchant banks and mutual savings banks. There are 5 other deposit protection schemes for cooperative financial institutions in Korea: Credit Union Guarantee Fund, Agricultural Cooperatives Mutual Credit Depositor Protection Fund, Community Credit Cooperatives Safety Fund, Fisheries Cooperatives Mutual Credit Depositor Protection Fund and Forestry Cooperatives Mutual Credit Depositor Protection Fund.

9 In Mexico, in addition to the Instituto para la Protección al Ahorro Bancario (IPAB), there are Fondo de Supervisión Auxiliar de las Sociedades Cooperativas de Ahorro y Préstamo y Protección a sus Ahorradores (FOCOOP) and Fondo de Protección de Sociedades Financieras Populares y de Protección a sus Ahorradores (PROSOFIPO).

10 Deposits 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 the FDIC). In Puerto Rico, deposits of cooperatives are insured by Corporación para la Supervisión y los Seguros de las Cooperativas (COSSEC).

11 There are two deposit insurance systems in Portugal: Fundo de Garantia de Depósitos and Fundo de Garantia do Crédito Agrícola Mútuo.

12 The US has two federally mandated deposit insurance systems. The explicit protection of deposits in banks and savings associations (thrifts) is provided by the Federal Deposit Insurance Corporation. Protection of depositor funds in credit unions (termed share accounts) is provided under a separate legislative mandate by the National Credit Union Administration (NCUA). All federally chartered and most state-chartered credit unions are insured by the NCUA through the National Credit Union Share Insurance Fund (NCUSIF). State-chartered credit unions in nine states are allowed to obtain primary deposit insurance from a source other than NCUSIF. Amercian Share Insurance, chartered and licensed in the state of Ohio, is a private, mutually owned company that provides primary deposit insurance to those credit unions.