FGDR (French Deposit insurance and Resolution Fund) : mission and role

The Fonds de Garantie des Dépôts et de Résolution (FGDR), created by law in 1999, protects clients when a banking institution fails. The Deposit Guarantee compensates depositors for an amount up to €100,000 per person, per institution. The Investors Guarantee compensates up to €70 000 per person, per institution, for securities (stocks, bonds...).
The FGDR can also intervene on a Resolution basis, before the institution fails.

As provided by law, the Bank is a member of the Deposit Guarantee and Resolution Fund (in French, Fonds de Garantie des Dépôts et de Résolution).

The Holder is informed that certain deposits and/or depositors may not be protected by the deposit guarantee scheme’s protection, including without limitation, payment service providers, insurance and reinsurance undertakings, or the State, the territorial authorities and their agencies. The deposits and persons eligible to this guarantee are mentioned in article L.312-4-1 of the French monetary and financial code.

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